Insider Selling: Fastly (NASDAQ:FSLY) Director Sells $253,732.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) Director Richard Devon Daniels sold 11,080 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $22.90, for a total transaction of $253,732.00. Following the completion of the sale, the director owned 51,197 shares in the company, valued at $1,172,411.30. The trade was a 17.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Fastly Stock Performance

FSLY opened at $30.02 on Friday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $20.33 and its 200-day moving average is $20.65. The stock has a market cap of $4.78 billion, a PE ratio of -56.64 and a beta of 0.34. Fastly, Inc. has a twelve month low of $6.84 and a twelve month high of $34.82.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to analyst estimates 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. On average, analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

FSLY has been the topic of a number of recent analyst reports. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Citigroup raised their price objective on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Evercore reiterated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Piper Sandler raised their price objective on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 target price 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 issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.33.

Institutional Trading of Fastly

Several hedge funds and other institutional investors have recently modified their holdings of FSLY. Vanguard Group Inc. boosted its position in Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock valued at $172,825,000 after purchasing an additional 310,234 shares during the last quarter. Morgan Stanley increased its position in Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock worth $84,893,000 after purchasing an additional 1,071,222 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock worth $48,754,000 after purchasing an additional 4,623,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after buying an additional 117,213 shares during the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.