Fastly (NASDAQ:FSLY) Insider Scott Lovett Sells 34,820 Shares

Fastly, Inc. (NASDAQ:FSLY) insider Scott Lovett sold 34,820 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $23.85, for a total transaction of $830,457.00. Following the transaction, the insider directly owned 1,323,398 shares in the company, valued at approximately $31,563,042.30. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Fastly Trading Down 2.9%

NASDAQ:FSLY opened at $23.86 on Friday. The company has a 50-day moving average price of $23.10 and a 200-day moving average price of $22.44. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of -45.02 and a beta of 0.36. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 12 month low of $7.74 and a 12 month high of $34.82.

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

Analyst Ratings Changes

FSLY has been the subject of several research reports. Canaccord Genuity Group initiated coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 price target for the company. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Raymond James Financial restated an “outperform” rating and issued a $29.00 price objective on shares of Fastly in a report on Thursday, August 6th. KeyCorp reaffirmed an “overweight” rating and set a $30.00 target price on shares of Fastly in a research note on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.33.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s latest quarterly results exceeded expectations, with adjusted earnings of $0.15 per share versus the $0.07 consensus and revenue of $183.32 million versus estimates of $173.94 million. Management’s fiscal 2026 EPS guidance of $0.50–$0.54 also supports the turnaround narrative. Analysts’ average price target of $25.33 remains above the recent trading level, although the consensus rating is Hold. Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
• Positive Sentiment: Institutional ownership remains high at approximately 79.7%, while several investment firms established or expanded positions during the second quarter. This may provide some support for the stock’s edge-cloud and artificial-intelligence growth story.
• Neutral Sentiment: Fastly’s CTO Artur Bergman sold 2,500 shares for about $62,850 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and represented only 0.16% of his holdings, its immediate signal may be limited. Fastly CTO Artur Bergman Sells 2,500 Shares
• Negative Sentiment: Multiple insiders sold significant amounts of stock: Scott Lovett sold 34,820 shares for approximately $830,000, while Jeffrey Ford sold 37,091 shares for about $884,000. The transactions reduced their holdings by 2.56% and 11.15%, respectively, adding selling pressure and potentially weakening investor confidence. Fastly Insider Sale Filing
• Negative Sentiment: Recent reports also highlight repeated insider sales by CTO Artur Bergman, including a combined 31,079-share sale on September 14 and additional transactions in recent weeks. Although some sales used 10b5-1 plans, the frequency and size of the transactions may pressure FSLY. Artur Bergman Sells Fastly Shares
• Negative Sentiment: Concerns about substantial stock-based compensation and continued GAAP losses remain an overhang. Investors may question the quality of Fastly’s adjusted profitability and the potential dilution to shareholders. Fastly: SBC Running Rampant As GAAP Profitability Remains Under Water

Institutional Investors Weigh In On Fastly

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its position in shares of Fastly by 1,621.7% in the 2nd 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 last quarter. PNC Financial Services Group Inc. boosted its stake in 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 purchased a new stake in Fastly during the 4th quarter valued at about $41,000. Sound Income Strategies LLC purchased a new stake in Fastly during the 1st quarter valued at about $44,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Fastly during the 2nd quarter valued at about $48,000. 79.71% of the stock is owned by hedge funds and other 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.