Hussman Strategic Advisors Inc. Purchases 105,000 Shares of Fastly, Inc. $FSLY

Hussman Strategic Advisors Inc. boosted its position in shares of Fastly, Inc. (NYSE:FSLY) by 100.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 210,000 shares of the company’s stock after buying an additional 105,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Fastly were worth $1,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Fastly during the 3rd quarter worth $56,000. Y Intercept Hong Kong Ltd lifted its stake in Fastly by 127.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 179,222 shares of the company’s stock worth $1,532,000 after acquiring an additional 100,262 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Fastly by 45.5% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 116,617 shares of the company’s stock worth $997,000 after acquiring an additional 36,455 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Fastly by 34.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,816 shares of the company’s stock worth $130,000 after acquiring an additional 4,059 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Fastly during the 3rd quarter valued at about $57,000. 79.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Fastly from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research note on Monday, December 15th. Citigroup lowered their target price on Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Royal Bank Of Canada lifted their price target on Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a report on Monday, January 5th. Finally, Oppenheimer began coverage on Fastly in a research report on Monday, November 17th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.64.

Insider Buying and Selling at Fastly

In other Fastly news, insider Scott R. Lovett sold 42,118 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total value of $425,391.80. Following the completion of the sale, the insider owned 1,002,137 shares of the company’s stock, valued at approximately $10,121,583.70. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Artur Bergman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $8.18, for a total value of $163,600.00. Following the sale, the chief technology officer owned 2,650,579 shares in the company, valued at $21,681,736.22. The trade was a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 869,248 shares of company stock worth $9,140,076. 6.70% of the stock is owned by insiders.

Fastly Price Performance

Shares of FSLY opened at $10.28 on Wednesday. The company has a 50 day moving average of $10.35 and a two-hundred day moving average of $8.88. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $12.59. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -10.71 and a beta of 0.98.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Fastly Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.