Mirae Asset Global Investments Co. Ltd. Makes New Investment in Fastly, Inc. $FSLY

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Fastly, Inc. (NASDAQ:FSLY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,732 shares of the company’s stock, valued at approximately $2,149,000. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of Fastly at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. bought a new stake in shares of Fastly in the 3rd quarter valued at about $1,388,000. Capelight Capital Asset Management LP bought a new stake in shares of Fastly in the 3rd quarter valued at $1,540,000. Sigma Planning Corp bought a new stake in shares of Fastly in the 3rd quarter valued at $776,000. Signaturefd LLC boosted its stake in shares of Fastly by 98,700.0% in the 3rd quarter. Signaturefd LLC now owns 988 shares of the company’s stock valued at $25,000 after purchasing an additional 987 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Fastly by 839.6% in the third quarter. Sterling Capital Management LLC now owns 5,055 shares of the company’s stock valued at $130,000 after buying an additional 4,517 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record Q3 revenue of $190.2 million, up about 20% year over year, and adjusted EPS of $0.17, topping estimates. It raised its 2026 outlook, with management citing security growth, wider adoption of multiple products, AI-related demand and a large customer commitment as drivers. Earnings Beat Might Change The Case For Investing in Fastly
• Positive Sentiment: Management projected Q4 revenue of $198 million to $202 million and full-year free cash flow of $50 million to $60 million, adding to the evidence of improving execution and profitability. Fastly anticipates 2026 revenue and free cash flow outlook
• Neutral Sentiment: Despite the results, Fastly shares faced a sharp post-earnings selloff, with coverage pointing to expected growth deceleration and concerns about performance across business segments. That helps explain why investors have not fully rewarded the earnings beat. Fastly plunges on Q3 results as analyst highlights segment deceleration
• Negative Sentiment: Several firms lowered their price targets while keeping neutral or equivalent ratings: Citigroup cut its target to $25 from $27, Piper Sandler to $24 from $28, and RBC to $19 from $25. The cuts signal more cautious expectations, even though the targets remain above the referenced share price. Citigroup recommendations Piper Sandler recommendations RBC cuts Fastly price target
• Negative Sentiment: Fastly also announced that Go-to-Market President Scott Lovett plans to retire in 2027 and that it will search for a Chief Revenue Officer, creating a leadership transition investors will monitor. Fastly announces go-to-market leadership transition

Fastly Trading Up 3.1%

NASDAQ:FSLY opened at $15.85 on Friday. Fastly, Inc. has a 52 week low of $7.87 and a 52 week high of $34.82. The firm has a 50-day moving average price of $23.97 and a two-hundred day moving average price of $21.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of -39.62 and a beta of 0.22.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. Fastly had a negative net margin of 8.74% and a negative return on equity of 4.57%. The business had revenue of $190.19 million for the quarter, compared to analyst estimates of $187.82 million. On average, equities analysts expect that Fastly, Inc. will post -0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In other news, CTO Artur Bergman sold 37,039 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $25.48, for a total value of $943,753.72. Following the transaction, the chief technology officer owned 1,024,239 shares of the company’s stock, valued at approximately $26,097,609.72. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 8,941 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $24.98, for a total value of $223,346.18. Following the completion of the sale, the chief executive officer directly owned 822,559 shares in the company, valued at approximately $20,547,523.82. The trade was a 1.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,323,893 shares of company stock worth $35,452,889. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America boosted their price objective on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, September 23rd. Raymond James Financial restated an “outperform” rating and set a $24.00 target price on shares of Fastly in a research report on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $24.00 target price (down from $28.00) on shares of Fastly in a research note on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Wednesday. Finally, Canaccord Genuity Group initiated coverage on Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fastly presently has an average rating of “Hold” and a consensus price target of $26.17.

Fastly Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.