Handelsbanken Fonder AB Takes Position in Fastly, Inc. $FSLY

Handelsbanken Fonder AB purchased a new stake in Fastly, Inc. (NASDAQ:FSLY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 44,300 shares of the company’s stock, valued at approximately $812,000.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after buying an additional 627 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 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 during the last quarter. Kestra Advisory Services LLC boosted its position in shares of Fastly by 8.4% during the 4th quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company’s stock valued at $122,000 after acquiring an additional 930 shares during the last quarter. Parallax Volatility Advisers L.P. grew its holdings in shares of Fastly by 13.8% in the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after purchasing an additional 1,465 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in Fastly during the first quarter worth about $44,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Insider Transactions at Fastly

In related news, CTO Artur Bergman sold 7,889 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $20.96, for a total value of $165,353.44. Following the sale, the chief technology officer owned 2,038,638 shares in the company, valued at approximately $42,729,852.48. The trade was a 0.39% decrease in their position. The transaction 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, CEO Charles Lacey Compton III sold 14,868 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total value of $371,700.00. Following the transaction, the chief executive officer directly owned 1,030,592 shares in the company, valued at approximately $25,764,800. The trade was a 1.42% 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. Insiders have sold a total of 163,589 shares of company stock worth $3,102,916 over the last quarter. 4.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSLY. Canaccord Genuity Group initiated coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Piper Sandler lifted their price target on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Finally, Raymond James Financial reissued 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 given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.33.

Fastly Stock Performance

NASDAQ:FSLY opened at $23.66 on Thursday. Fastly, Inc. has a fifty-two week low of $6.97 and a fifty-two week high of $34.82. 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 company has a 50 day moving average price of $21.01 and a 200 day moving average price of $21.14. The stock has a market capitalization of $3.77 billion, a P/E ratio of -44.64 and a beta of 0.34.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The company had revenue of $183.32 million for the quarter, compared to analyst estimates of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Equities research analysts forecast that Fastly, Inc. will post -0.29 EPS for the current year.

Fastly 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.