Scott Lovett Sells 14,843 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 14,843 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $16.85, for a total value of $250,104.55. Following the completion of the sale, the insider directly owned 1,489,035 shares of the company’s stock, valued at approximately $25,090,239.75. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fastly Stock Down 4.2%

Shares of Fastly stock opened at $16.40 on Friday. 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 has a market cap of $2.57 billion, a P/E ratio of -17.08 and a beta of 0.49. Fastly, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $34.82. The business has a 50-day moving average price of $25.03 and a 200 day moving average price of $16.60.

Analysts Set New Price Targets

FSLY has been the subject of several research analyst reports. Citigroup boosted their price objective on Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada lowered their price objective on Fastly to $18.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Craig Hallum lowered Fastly from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a report on Tuesday, April 14th. William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a report on Thursday, February 12th. Finally, KeyCorp boosted their price objective on Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Four 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.63.

Hedge Funds Weigh In On Fastly

Several institutional investors have recently made changes to their positions in FSLY. PNC Financial Services Group Inc. grew its holdings in shares of Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after purchasing an additional 633 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Fastly during the fourth quarter valued at approximately $41,000. Align Financial LLC bought a new position in shares of Fastly during the fourth quarter valued at approximately $41,000. Sound Income Strategies LLC bought a new position in shares of Fastly during the first quarter valued at approximately $44,000. Finally, Quarry LP bought a new position in shares of Fastly during the third quarter valued at approximately $49,000. 79.71% of the stock is owned by institutional investors.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s business momentum may be improving from AI-driven usage, with reports that compute-related revenues and “other revenues” are benefiting as customers adopt edge computing and LLM-ready features. Article Title
• Neutral Sentiment: Several Fastly executives disclosed stock sales over May 18-19, including CEO Charles Lacey Compton III, CFO Richard Wong, CTO Artur Bergman, and insider Scott R. Lovett. Some sales were made under pre-arranged Rule 10b5-1 plans, which limits concerns about timing, but the broad selling still adds uncertainty for investors. Article Title
• Negative Sentiment: The most recent headlines focus on insider selling by Fastly’s top leadership, which can pressure sentiment because investors may view it as reduced conviction in the stock near current levels, even though the trades were relatively modest compared with their remaining ownership. Article Title

Fastly Company Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.