Fastly (NASDAQ:FSLY) Shares Climb 4.9% – Should You Buy?

Shares of Fastly, Inc. (NASDAQ:FSLY) shot up 4.9% during mid-day trading on Tuesday. The company traded as high as $28.28 and last traded at $27.7180. Approximately 937,542 shares were traded during trading, a decline of 90% from the average session volume of 9,132,779 shares. The stock had previously closed at $26.43.

Wall Street Analyst Weigh In

FSLY has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $25.00 price objective on shares of Fastly in a report on Wednesday, September 23rd. Bank of America increased their target price on Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 23rd. DA Davidson increased their target price on Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 23rd. Canaccord Genuity Group started coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.42.

Fastly Price Performance

The firm has a market capitalization of $3.98 billion, a P/E ratio of -47.17 and a beta of 0.31. The stock’s 50 day simple moving average is $24.90 and its 200 day simple moving average is $22.68. 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 (NASDAQ:FSLY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The firm had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. 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, analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In other Fastly news, insider Scott Lovett sold 41,815 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $24.64, for a total value of $1,030,321.60. Following the completion of the sale, the insider directly owned 1,281,583 shares in the company, valued at approximately $31,578,205.12. This represents a 3.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Ford sold 45,832 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $24.65, for a total value of $1,129,758.80. Following the transaction, the insider directly owned 249,861 shares in the company, valued at $6,159,073.65. The trade was a 15.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,283,412 shares of company stock valued at $34,418,450 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Fastly

A number of hedge funds have recently added to or reduced their stakes in FSLY. PNC Financial Services Group Inc. boosted its position in Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after acquiring an additional 633 shares in the last quarter. IFP Advisors Inc increased its holdings 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 valued at $26,000 after acquiring an additional 1,346 shares during the period. GAMMA Investing LLC increased its holdings in shares of Fastly by 38.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after acquiring an additional 419 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Fastly in the 1st quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after acquiring an additional 627 shares in the last quarter. 79.71% of the stock is owned by hedge funds and other institutional investors.

Fastly Company Profile

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.