Fastly (NYSE:FSLY) Insider Sells $425,391.80 in Stock

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 42,118 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total transaction of $425,391.80. Following the sale, the insider directly owned 1,002,137 shares of the company’s stock, valued at approximately $10,121,583.70. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fastly Stock Up 2.4%

FSLY stock traded up $0.24 during mid-day trading on Thursday, reaching $10.25. 3,021,942 shares of the company traded hands, compared to its average volume of 3,291,445. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average price is $9.95 and its 200 day moving average price is $8.33. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -10.68 and a beta of 0.97. Fastly, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $12.59.

Fastly (NYSE:FSLY) last posted its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $158.22 million for the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, equities research analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Fastly

Several institutional investors have recently bought and sold shares of the company. Caxton Associates LLP purchased a new position in shares of Fastly in the first quarter worth about $800,000. Los Angeles Capital Management LLC bought a new position in Fastly in the 2nd quarter worth approximately $171,000. Hussman Strategic Advisors Inc. purchased a new position in Fastly in the 2nd quarter valued at approximately $741,000. Geode Capital Management LLC raised its holdings in Fastly by 6.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock valued at $22,681,000 after acquiring an additional 189,423 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Fastly by 6.1% during the first quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock worth $175,000 after acquiring an additional 1,612 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analysts Set New Price Targets

FSLY has been the subject of several analyst reports. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Citigroup boosted their target price on Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Piper Sandler lifted their price target on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. DA Davidson boosted their price objective on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada upped their price objective on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.64.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.