Fastly (NASDAQ:FSLY) Stock Breaks Above 50-Day Moving Average – Time to Sell?

Fastly, Inc. (NASDAQ:FSLY) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $24.53 and traded as high as $26.03. Fastly shares last traded at $25.61, with a volume of 4,930,475 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSLY. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Canaccord Genuity Group began coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 price target on the stock. Piper Sandler increased their price target on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. KeyCorp reissued an “overweight” rating and issued a $30.00 price objective on shares of Fastly in a research note on Friday, September 18th. Finally, Evercore reissued an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.42.

Fastly Price Performance

The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of -51.00 and a beta of 0.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The company has a 50 day moving average of $24.42 and a 200 day moving average of $21.13.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, equities research analysts anticipate that Fastly, Inc. will post -0.29 EPS for the current year.

Insider Buying and Selling

In other Fastly news, CTO Artur Bergman sold 379,602 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $30.16, for a total transaction of $11,448,796.32. Following the completion of the transaction, the chief technology officer owned 1,138,358 shares in the company, valued at $34,332,877.28. The trade was a 25.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 55,579 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $21.39, for a total transaction of $1,188,834.81. Following the transaction, the chief executive officer owned 914,235 shares of the company’s stock, valued at $19,555,486.65. This trade represents a 5.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,349,841 shares of company stock valued at $36,078,321 over the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. purchased a new position in Fastly in the third quarter valued at $1,388,000. Capelight Capital Asset Management LP purchased a new stake in Fastly during the 3rd quarter worth about $1,540,000. Sigma Planning Corp purchased a new stake in Fastly during the 3rd quarter worth about $776,000. Signaturefd LLC boosted its position in shares of Fastly by 98,700.0% during the 3rd quarter. Signaturefd LLC now owns 988 shares of the company’s stock worth $25,000 after acquiring an additional 987 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of Fastly by 839.6% during the 3rd quarter. Sterling Capital Management LLC now owns 5,055 shares of the company’s stock worth $130,000 after acquiring an additional 4,517 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.