Intech Investment Management LLC Has $677,000 Stock Position in Fastly, Inc. $FSLY

Intech Investment Management LLC cut its holdings in Fastly, Inc. (NYSE:FSLY) by 34.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,192 shares of the company’s stock after selling 40,717 shares during the quarter. Intech Investment Management LLC owned 0.05% of Fastly worth $677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC bought a new stake in shares of Fastly in the 3rd quarter valued at $43,000. Geneos Wealth Management Inc. bought a new position in Fastly during the first quarter worth $52,000. Pilgrim Partners Asia Pte Ltd bought a new position in Fastly during the third quarter worth $56,000. State of Alaska Department of Revenue acquired a new stake in Fastly in the third quarter worth $57,000. Finally, Acadian Asset Management LLC acquired a new stake in Fastly in the first quarter worth $78,000. 79.71% of the stock is currently owned by institutional investors.

Key Headlines Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital raised Fastly’s price target to $20 (from $12) while keeping a “Sector Perform” rating, citing improved execution and potential for multiple expansion after meetings with management. This analyst action supports the recent buying interest. Read More.
• Positive Sentiment: Momentum from the company’s February earnings has driven a sharp rally — Benzinga reports FSLY is up roughly 145% over the past month as traders chase the stronger results and hopeful outlook. This explains elevated volume and bullish positioning. Read More.
• Neutral Sentiment: Institutions still hold a large share (~79.7%) and some funds modestly increased stakes in recent quarters; that can stabilize trading but also concentrate supply/demand. Read More.
• Negative Sentiment: Significant insider selling from top executives: CTO Artur Bergman sold 31,079 shares (avg. $20.69, ~$643k) and CEO Charles Lacey Compton III sold 36,694 shares (avg. $20.69, ~$759k) in transactions filed with the SEC. Repeated sizable insider sales can act as a psychological cap on the stock and prompt short-term profit‑taking. Read More. Read More.

Fastly Price Performance

FSLY opened at $22.74 on Wednesday. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $23.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -23.69 and a beta of 0.88. The firm’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $10.65.

Insider Activity at Fastly

In related news, insider Scott R. Lovett sold 73,715 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $21.06, for a total transaction of $1,552,437.90. Following the transaction, the insider directly owned 1,580,513 shares in the company, valued at approximately $33,285,603.78. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Lacey Compton III sold 73,206 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $20.94, for a total transaction of $1,532,933.64. Following the completion of the sale, the chief executive officer directly owned 875,831 shares of the company’s stock, valued at $18,339,901.14. The trade was a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,393,702 shares of company stock valued at $23,034,502 over the last ninety days. Corporate insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FSLY. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a report on Monday, December 15th. Citigroup raised their target price on Fastly from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Oppenheimer started coverage on Fastly in a research report on Monday, November 17th. They issued a “market perform” rating for the company. William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $14.00 price target (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Three equities research 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 MarketBeat.com, Fastly currently has a consensus rating of “Hold” and an average target price of $13.14.

Fastly Company 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.