Fastly (NASDAQ:FSLY) Director Christopher Paisley Sells 3,000 Shares

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

Fastly Price Performance

Fastly stock traded down $0.34 during trading on Wednesday, reaching $20.43. The company had a trading volume of 3,559,849 shares, compared to its average volume of 9,424,428. The firm has a market capitalization of $3.25 billion, a PE ratio of -38.55 and a beta of 0.36. The firm’s 50-day simple moving average is $21.97 and its 200 day simple moving average is $22.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly, Inc. has a 1-year low of $7.05 and a 1-year high of $34.82.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FSLY. Amundi lifted its holdings in Fastly by 11.3% during the 1st quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after buying an additional 4,724 shares in the last quarter. AQR Capital Management LLC acquired a new position in Fastly during the 1st quarter worth $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Fastly by 1.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after purchasing an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Fastly by 963.6% during the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after purchasing an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Fastly by 7.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after buying an additional 165,937 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and issued a $29.00 price target on shares of Fastly in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada raised their price objective on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. One equities 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 stock. Based on data from MarketBeat, Fastly currently has a consensus rating of “Hold” and an average price target of $25.33.

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.