Scott Lovett Sells 34,953 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 34,953 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $22.28, for a total transaction of $778,752.84. Following the sale, the insider owned 1,545,560 shares of the company’s stock, valued at approximately $34,435,076.80. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Fastly Stock Down 4.7%

Shares of NYSE:FSLY opened at $25.20 on Friday. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $27.59. The company has a market cap of $3.83 billion, a PE ratio of -26.25 and a beta of 0.88. 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 stock’s 50-day moving average is $15.42 and its 200 day moving average is $11.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FSLY. Amundi boosted its position in shares of Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after purchasing an additional 4,724 shares in the last quarter. AQR Capital Management LLC bought a new position in Fastly in the first quarter worth $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fastly by 1.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after buying an additional 6,247 shares during the period. Jones Financial Companies Lllp lifted its position in Fastly by 963.6% during the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after buying an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Fastly by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after buying an additional 165,937 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their price target on shares of Fastly from $12.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Piper Sandler reissued a “neutral” rating and set a $14.00 price objective (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. DA Davidson set a $13.00 price objective on shares of Fastly in a report on Thursday, February 12th. Finally, KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.14.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Company fundamentals and deal flow drove the recent rally: Fastly reported strong Q4 performance and cleared a near‑term debt maturity, supporting its rebound and helping push the stock to a 52‑week/4‑year high. Fastly (FSLY) Stock Soars to 52-Week Peak After Debt Maturity and Strong Q4 Performance
• Positive Sentiment: New commercial wins helped sentiment — Fastly announced a partnership with a Dublin-based data platform to launch solutions for real‑time insights, a catalyst cited by markets for the recent price jump. Fastly (FSLY) Soars to 4-Year High on New Deal With Dublin-Based Firm
• Positive Sentiment: Analyst attention and institutional accumulation have been supportive: several upgrades/coverage changes and larger institutional positions were noted in recent filings, which helped sustain the multi‑month rally. MarketBeat Fastly coverage and analyst notes
• Neutral Sentiment: Technical context: the stock is well above its 50‑ and 200‑day moving averages and has seen volumes spike above average — this supports momentum but also raises the risk of short‑term volatility. MarketBeat Fastly technicals and metrics
• Negative Sentiment: Insider sales by a senior exec (Scott R. Lovett) were disclosed this week — multiple Form 4 filings show large sales totaling several hundred thousand dollars, which investors often view as a signal to take profits. SEC Form 4 disclosure for Scott R. Lovett
• Negative Sentiment: Media flagged insider selling amid the stock’s surge, which has increased caution among retail investors despite the positive news flow. That narrative likely contributed to today’s pullback. FSLY stock hits 52-week high, retail flags caution over insider sales

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.