Scott Lovett Sells 19,624 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) insider Scott Lovett sold 19,624 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $23.00, for a total value of $451,352.00. Following the sale, the insider owned 1,358,218 shares of the company’s stock, valued at $31,239,014. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fastly Stock Down 1.6%

Shares of NASDAQ FSLY traded down $0.34 during midday trading on Wednesday, reaching $20.43. 3,560,297 shares of the company’s stock were exchanged, compared to its average volume of 9,424,438. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly, Inc. has a 52-week low of $7.05 and a 52-week high of $34.82. The business’s fifty day moving average price is $21.97 and its two-hundred day moving average price is $22.04. The stock has a market capitalization of $3.25 billion, a PE ratio of -38.55 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $183.32 million during the quarter, compared to the consensus estimate 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. Analysts forecast that Fastly, Inc. will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Fastly

Several large investors have recently added to or reduced their stakes in the company. Amundi increased its stake in Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after purchasing an additional 4,724 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Fastly in the 1st quarter worth about $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fastly by 1.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after buying an additional 6,247 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after buying an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Fastly by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after buying an additional 165,937 shares during the period. 79.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on FSLY shares. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. KeyCorp upped their price target on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Evercore reiterated an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Piper Sandler raised their price objective 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 initiated coverage on shares of Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.33.

About Fastly

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.