Fastly (NASDAQ:FSLY) Insider Jeffrey Ford Sells 37,091 Shares

Fastly, Inc. (NASDAQ:FSLY) insider Jeffrey Ford sold 37,091 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $23.84, for a total transaction of $884,249.44. Following the completion of the sale, the insider owned 295,693 shares in the company, valued at $7,049,321.12. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fastly Price Performance

NASDAQ:FSLY traded down $0.71 during trading hours on Friday, reaching $23.86. 7,837,230 shares of the company’s stock were exchanged, compared to its average volume of 9,212,496. The company has a market capitalization of $3.80 billion, a P/E ratio of -45.02 and a beta of 0.36. Fastly, Inc. has a 12 month low of $7.74 and a 12 month high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $23.02 and its two-hundred day simple moving average is $22.43.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $183.32 million for 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. Sell-side analysts expect that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Trading of Fastly

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after acquiring an additional 627 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Fastly by 84.6% in the first 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. IFP Advisors Inc boosted its holdings in shares of Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after purchasing an additional 1,346 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Fastly during the first quarter worth approximately $44,000. Finally, Amundi grew its holdings in shares of Fastly by 4.6% during 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. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Ratings Changes

FSLY has been the subject of several analyst reports. Evercore reaffirmed an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Royal Bank Of Canada upped their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Piper Sandler raised their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group started coverage on shares of Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.33.

About Fastly

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.