Fastly (NYSE:FSLY) Insider Scott Lovett Sells 19,622 Shares

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 19,622 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.96, for a total transaction of $332,789.12. Following the completion of the transaction, the insider owned 1,469,413 shares of the company’s stock, valued at approximately $24,921,244.48. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Fastly Stock Up 8.9%

Shares of Fastly stock opened at $20.77 on Wednesday. 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 50-day moving average of $23.99 and a 200 day moving average of $16.95. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -21.64 and a beta of 0.49. Fastly, Inc. has a 1 year low of $6.29 and a 1 year high of $34.82.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s recent commentary has highlighted stronger security growth, a raised 2026 revenue outlook, and new AI-focused developer tools, which are helping the market view the company as a beneficiary of edge-computing and AI infrastructure spending. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: Multiple Wall Street firms have recently set price targets above the current trading range, including KeyBanc and Piper Sandler at $27, which suggests analysts still see upside in the name. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: Fastly’s large share-price run over the past year has kept momentum investors engaged, and a recent conference presentation likely helped keep attention on the story. Fastly, Inc. (FSLY) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: A new article questioned whether Fastly is still attractive after its sharp one-year rally, reflecting a valuation debate rather than a clear operating update. Is It Too Late To Reassess Fastly (FSLY) After Its 169% One Year Surge?
• Negative Sentiment: Recent insider sales by the CEO, CTO, president, and a director may create some caution, even though some of the trades were pre-planned. MarketBeat FSLY insider trading coverage
• Negative Sentiment: Older coverage also noted that Fastly’s record first-quarter results did not fully ease growth concerns, reminding investors that the company still faces skepticism about the durability of its expansion. Stock Market Today, May 7: Fastly Shares Plunge After Record Q1 Results Fail to Ease Growth Concerns

Analyst Ratings Changes

FSLY has been the subject of several research reports. Piper Sandler decreased their price target on shares of Fastly to $27.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. KeyCorp increased their price target on shares of Fastly from $14.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Evercore initiated coverage on shares of Fastly in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 price target for the company. Royal Bank Of Canada decreased their price target on shares of Fastly to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, Craig Hallum lowered shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research note on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Fastly has a consensus rating of “Hold” and an average price target of $22.63.

Institutional Trading of Fastly

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after acquiring an additional 633 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Fastly during the 4th quarter valued at about $41,000. Align Financial LLC purchased a new stake in shares of Fastly during the 4th quarter valued at about $41,000. Sound Income Strategies LLC purchased a new stake in shares of Fastly during the 1st quarter valued at about $44,000. Finally, Quarry LP purchased a new stake in shares of Fastly during the 3rd quarter valued at about $49,000. 79.71% of the stock is currently owned by institutional investors.

About Fastly

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.