Versor Investments LP Takes $217,000 Position in Fastly, Inc. $FSLY

Versor Investments LP purchased a new position in shares of Fastly, Inc. (NYSE:FSLY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,700 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSLY. Vident Advisory LLC boosted its position in shares of Fastly by 4.4% during the first quarter. Vident Advisory LLC now owns 34,316 shares of the company’s stock valued at $217,000 after buying an additional 1,438 shares during the period. Hsbc Holdings PLC grew its position in Fastly by 6.1% in the 1st quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock valued at $175,000 after acquiring an additional 1,612 shares during the last quarter. Federated Hermes Inc. increased its stake in Fastly by 0.9% in the first quarter. Federated Hermes Inc. now owns 211,638 shares of the company’s stock worth $1,340,000 after purchasing an additional 1,988 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Fastly by 12.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,433 shares of the company’s stock worth $137,000 after purchasing an additional 2,210 shares during the last quarter. Finally, Amundi lifted its position in shares of Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after purchasing an additional 4,724 shares during the last quarter. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on FSLY shares. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, August 7th. Piper Sandler upped their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price target on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.83.

Insider Buying and Selling at Fastly

In other news, CEO Charles Lacey Compton III sold 11,378 shares of Fastly stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $8.41, for a total value of $95,688.98. Following the transaction, the chief executive officer directly owned 659,313 shares in the company, valued at approximately $5,544,822.33. This trade represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott R. Lovett sold 42,172 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $8.41, for a total value of $354,666.52. Following the completion of the transaction, the insider directly owned 1,088,551 shares of the company’s stock, valued at approximately $9,154,713.91. The trade was a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 597,933 shares of company stock valued at $4,823,359. 6.70% of the stock is currently owned by corporate insiders.

Fastly Stock Up 37.2%

Shares of Fastly stock opened at $11.07 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -11.53 and a beta of 1.21. The firm’s 50-day moving average is $8.25 and its two-hundred day moving average is $7.45. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $12.08.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. Fastly had a negative net margin of 23.49% and a negative return on equity of 11.96%. The firm had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. During the same quarter in the prior year, the company earned $0.02 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. As a group, research analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.