Sei Investments Co. Acquires 41,684 Shares of Fastly, Inc. $FSLY

Sei Investments Co. boosted its holdings in shares of Fastly, Inc. (NYSE:FSLY) by 61.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,311 shares of the company’s stock after purchasing an additional 41,684 shares during the period. Sei Investments Co.’s holdings in Fastly were worth $3,177,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after purchasing an additional 633 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Fastly during the 4th quarter worth approximately $41,000. Align Financial LLC acquired a new stake in Fastly in the 4th quarter valued at $41,000. Sound Income Strategies LLC acquired a new stake in Fastly in the 1st quarter valued at $44,000. Finally, Quarry LP bought a new stake in Fastly in the third quarter valued at $49,000. 79.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup increased their price objective on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Fastly in a report on Thursday. Royal Bank Of Canada increased their target price on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday. Evercore reissued an “outperform” rating on shares of Fastly in a report on Thursday. Finally, Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.33.

Fastly Stock Performance

Fastly stock opened at $22.96 on Friday. The stock has a 50-day simple moving average of $19.64 and a 200 day simple moving average of $20.01. 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 12-month low of $6.70 and a 12-month high of $34.82. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of -23.92 and a beta of 0.34.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record second-quarter revenue of $183.3 million, up 23% year over year. Non-GAAP earnings of $0.15 per share more than doubled the $0.07 consensus estimate, while security revenue surged 43% on demand related to AI traffic protection. Gross margin also reached a record 65.8%. Fastly Q2 Earnings Beat as Security Growth Spurs 2026 Outlook Hike
• Positive Sentiment: The edge-cloud company raised its 2026 outlook, including adjusted earnings guidance of $0.50 to $0.54 per share. Third-quarter revenue guidance of $184 million to $190 million and adjusted EPS guidance of $0.11 to $0.13 also exceeded expectations, supporting the view that Fastly’s improved profitability and security growth are continuing. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts responded by raising price targets: KeyBanc lifted its target from $27 to $30 while maintaining an overweight rating, and RBC increased its target from $22 to $28 with a sector-perform rating. The revisions reinforce expectations for further execution in security and AI-related traffic services.
• Neutral Sentiment: Fastly’s results highlighted strong security and AI-driven demand, but customer concentration remains a risk. A small number of large customers could make revenue growth more volatile if spending patterns change.
• Negative Sentiment: Despite the earnings beat and higher outlook, the stock initially declined after the report, suggesting investors may have expected an even stronger result. Following a substantial prior-year rally, valuation appears demanding and leaves less room for execution or guidance disappointments. Fastly Stock Looks Overvalued Despite a Strong Return
• Negative Sentiment: CEO Charles Lacey Compton III sold 14,868 shares for approximately $371,700, reducing his direct ownership by 1.42%. The sale was made under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it may still create modest short-term selling pressure. Fastly CEO Insider Sale

Insider Activity at Fastly

In other Fastly news, insider Scott R. Lovett sold 41,716 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.77, for a total value of $741,293.32. Following the completion of the transaction, the insider directly owned 1,392,778 shares of the company’s stock, valued at approximately $24,749,665.06. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Lacey Compton III sold 14,868 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total transaction of $371,700.00. Following the transaction, the chief executive officer owned 1,030,592 shares in the company, valued at $25,764,800. The trade was a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 289,397 shares of company stock worth $5,133,480. 4.20% of the stock is owned by insiders.

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.