Fastly (NASDAQ:FSLY) Trading 9.2% Higher – Time to Buy?

Fastly, Inc. (NASDAQ:FSLY) was up 9.2% during trading on Thursday . The stock traded as high as $25.57 and last traded at $25.6940. 1,595,951 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 9,188,846 shares. The stock had previously closed at $23.54.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FSLY shares. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Fastly in a report on Thursday, August 6th. Finally, KeyCorp boosted their target price on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fastly currently has a consensus rating of “Hold” and a consensus price target of $25.33.

Fastly Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The stock’s 50 day simple moving average is $22.93 and its two-hundred day simple moving average is $22.39. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -46.52 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The business had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. 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, analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Activity at Fastly

In other news, CEO Charles Compton, III sold 50,392 shares of Fastly stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $24.93, for a total value of $1,256,272.56. Following the completion of the transaction, the chief executive officer owned 851,949 shares in the company, valued at approximately $21,239,088.57. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $25.14, for a total value of $62,850.00. Following the sale, the chief technology officer owned 1,597,206 shares in the company, valued at approximately $40,153,758.84. This trade represents a 0.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 587,926 shares of company stock valued at $14,915,391. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Fastly

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Fastly by 39.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after buying an additional 627 shares during the period. PNC Financial Services Group Inc. increased its stake in Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after acquiring an additional 633 shares during the period. IFP Advisors Inc increased its stake in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after acquiring an additional 1,346 shares during the period. Sound Income Strategies LLC acquired a new position in Fastly in the 1st quarter valued at $44,000. Finally, Amundi raised its holdings in Fastly by 4.6% in the 1st quarter. Amundi now owns 48,441 shares of the company’s stock valued at $1,408,000 after acquiring an additional 2,129 shares in the last quarter. 79.71% of the stock is owned by institutional investors.

Fastly Company Profile

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.