Fastly (NYSE:FSLY) Stock Price Up 6.4% – What’s Next?

Fastly, Inc. (NYSE:FSLY) shares were up 6.4% on Monday . The company traded as high as $9.77 and last traded at $9.8880. Approximately 533,906 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 2,949,812 shares. The stock had previously closed at $9.29.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FSLY. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Citigroup dropped their price target on Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Monday, December 15th. Oppenheimer began coverage on shares of Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Finally, Piper Sandler raised their target price on shares of Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with 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, Fastly has a consensus rating of “Hold” and an average price target of $10.64.

Fastly Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $1.46 billion, a PE ratio of -10.19 and a beta of 0.98. The company has a 50-day moving average price of $10.36 and a 200-day moving average price of $8.83.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Sell-side analysts forecast that Fastly, Inc. will post -0.78 EPS for the current year.

Insider Activity at Fastly

In other Fastly news, CTO Artur Bergman sold 220,000 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $10.67, for a total value of $2,347,400.00. Following the completion of the transaction, the chief technology officer directly owned 3,121,276 shares in the company, valued at approximately $33,304,014.92. The trade was a 6.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott R. Lovett sold 42,118 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total value of $425,391.80. Following the transaction, the insider directly owned 1,002,137 shares in the company, valued at approximately $10,121,583.70. This represents a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 869,248 shares of company stock worth $9,140,076 in the last three months. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Twelve Points Wealth Management LLC purchased a new position in Fastly during the fourth quarter worth approximately $114,000. Quotient Wealth Partners LLC purchased a new position in shares of Fastly in the fourth quarter valued at $118,000. Byrne Asset Management LLC boosted its position in Fastly by 130.8% in the 4th quarter. Byrne Asset Management LLC now owns 11,630 shares of the company’s stock valued at $118,000 after buying an additional 6,590 shares during the last quarter. 180 Wealth Advisors LLC boosted its holdings in Fastly by 3.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 79,221 shares of the company’s stock valued at $806,000 after purchasing an additional 2,860 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Fastly during the 3rd quarter valued at $125,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.