Insider Selling: Fastly (NASDAQ:FSLY) Director Sells $69,000.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) Director Christopher Paisley sold 3,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $23.00, for a total value of $69,000.00. Following the completion of the sale, the director directly owned 280,485 shares of the company’s stock, valued at approximately $6,451,155. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fastly Stock Performance

NASDAQ:FSLY opened at $20.59 on Friday. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $34.82. The stock has a market cap of $3.28 billion, a PE ratio of -38.85 and a beta of 0.36. The firm’s fifty day simple moving average is $22.22 and its 200-day simple moving average is $22.08.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data 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 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. Analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FSLY shares. Raymond James Financial restated an “outperform” rating and set a $29.00 target price on shares of Fastly in a report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. KeyCorp lifted their price objective on Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Evercore reaffirmed an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.33.

Institutional Trading of Fastly

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in Fastly by 1,683.4% in the 2nd quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company’s stock valued at $53,844,000 after purchasing an additional 2,768,234 shares during the last quarter. AlphaGrep UK Ltd acquired a new stake in shares of Fastly during the 2nd quarter worth about $366,000. FirstWave Capital Management LLC purchased a new stake in shares of Fastly during the second quarter worth about $1,344,000. AXQ Capital LP purchased a new stake in shares of Fastly during the second quarter worth about $534,000. Finally, Nykredit A S purchased a new stake in shares of Fastly during the second quarter worth about $77,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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.