73,227 Shares in Fastly, Inc. $FSLY Bought by FirstWave Capital Management LLC

FirstWave Capital Management LLC purchased a new position in shares of Fastly, Inc. (NASDAQ:FSLY) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 73,227 shares of the company’s stock, valued at approximately $1,344,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Fastly by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock valued at $172,825,000 after buying an additional 310,234 shares in the last quarter. Morgan Stanley increased its stake in Fastly by 14.7% in the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after acquiring an additional 1,071,222 shares during the period. First Trust Advisors LP raised its position in Fastly by 100.5% in the first 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 position in Fastly by 2,795.2% in the fourth 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 stake in Fastly by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock worth $35,380,000 after purchasing an additional 117,213 shares during the period. Institutional investors own 79.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FSLY. Piper Sandler upped their price objective on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Fastly in a research note on Thursday, August 6th. Canaccord Genuity Group started coverage on Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 price target on the stock. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Evercore restated an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.33.

Fastly Trading Down 2.5%

FSLY stock opened at $20.59 on Friday. The business has a fifty day moving average price of $22.22 and a 200 day moving average price of $22.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $34.82. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of -38.85 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations 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. Analysts expect that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Insider Activity at Fastly

In other news, CFO Richard Wong sold 148,015 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $28.61, for a total transaction of $4,234,709.15. Following the sale, the chief financial officer directly owned 1,091,286 shares of the company’s stock, valued at $31,221,692.46. This represents a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Artur Bergman sold 32,387 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total transaction of $926,268.20. Following the completion of the transaction, the chief technology officer owned 2,005,191 shares of the company’s stock, valued at $57,348,462.60. This trade represents a 1.59% 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 three months, insiders sold 532,799 shares of company stock valued at $13,196,766. Insiders own 4.20% of the company’s stock.

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.