Fastly (NASDAQ:FSLY) Director Sells $253,732.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) Director Richard Devon Daniels sold 11,080 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $22.90, for a total value of $253,732.00. Following the transaction, the director owned 51,197 shares of the company’s stock, valued at $1,172,411.30. This trade represents a 17.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Fastly Stock Performance

Shares of NASDAQ:FSLY traded up $1.03 on Tuesday, hitting $28.78. The company’s stock had a trading volume of 7,702,741 shares, compared to its average volume of 9,925,029. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -54.30 and a beta of 0.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly, Inc. has a 12 month low of $6.70 and a 12 month high of $34.82. The stock’s 50-day moving average is $19.81 and its two-hundred day moving average is $20.22.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to analysts’ expectations of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, equities research analysts forecast that Fastly, Inc. will post -0.45 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FSLY shares. Piper Sandler upped their price target on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price on shares of Fastly in a report on Thursday, August 6th. Royal Bank Of Canada upped their target price on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Canaccord Genuity Group began coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price target on the stock. Finally, KeyCorp boosted their price objective on Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.33.

Hedge Funds Weigh In On Fastly

Several hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings 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 worth $40,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Fastly during the fourth quarter worth approximately $41,000. Align Financial LLC acquired a new position in Fastly in the fourth quarter worth approximately $41,000. Sound Income Strategies LLC acquired a new position in Fastly in the first quarter worth approximately $44,000. Finally, Quarry LP bought a new position in shares of Fastly in the third quarter valued at $49,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.