Fastly Sees Unusually Large Options Volume (NASDAQ:FSLY)

Fastly, Inc. (NASDAQ:FSLY) was the target of unusually large options trading activity on Wednesday. Traders purchased 33,432 call options on the company. This represents an increase of approximately 187% compared to the typical volume of 11,668 call options.

Insider Activity

In other Fastly news, insider Jeffrey Ford sold 45,832 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $24.65, for a total value of $1,129,758.80. Following the sale, the insider directly owned 249,861 shares in the company, valued at $6,159,073.65. The trade was a 15.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Wong sold 148,015 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $28.61, for a total value of $4,234,709.15. Following the transaction, the chief financial officer owned 1,091,286 shares of the company’s stock, valued at $31,221,692.46. The trade was a 11.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 749,684 shares of company stock worth $18,845,838. 4.20% of the stock is owned by insiders.

Institutional Trading of Fastly

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in shares of Fastly in the 2nd quarter worth approximately $48,000. IFP Advisors Inc boosted its stake in Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after acquiring an additional 1,346 shares in the last quarter. Spark Investment Management LLC purchased a new stake in Fastly in the second quarter worth about $340,000. Nykredit A S bought a new position in shares of Fastly during the second quarter valued at approximately $77,000. Finally, AlphaGrep UK Ltd purchased a new position in Fastly during the second quarter valued at $366,000. 79.71% of the stock is owned by institutional investors.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s new AI Firewall, AI Runtime Control and API Security products are designed to secure and manage AI and agentic traffic at the edge. The offerings could expand Fastly’s addressable market and increase demand for its edge cloud platform. Fastly’s AI Security Push Adds Heat Ahead of Investor Day
• Positive Sentiment: Recent operating results remain strong: second-quarter revenue reached a record $183.3 million, up 23% year over year, while non-GAAP EPS of $0.15 exceeded consensus. Fastly also raised or reaffirmed fiscal 2026 expectations at approximately $739 million of revenue and $0.52 of midpoint EPS, indicating improving operating leverage. Fastly: Earnings Are Catching Up With The Valuation
• Neutral Sentiment: Analyst views are mixed. DA Davidson raised its price target to $23 but maintained a neutral rating, implying limited upside relative to recent trading levels. In contrast, a bullish Seeking Alpha contributor increased a target to $34, arguing that earnings growth is beginning to justify Fastly’s valuation.
• Negative Sentiment: The Investor Day triggered profit-taking rather than a fresh buying wave, suggesting that expectations had become elevated after the AI-product announcement and recent rally. Investors may have wanted more aggressive guidance or clearer evidence that the new products will materially accelerate growth. Fastly Just Ripped 138% This Year but It’s Now Falling
• Negative Sentiment: Recent insider sales by Jeffrey Ford, Scott Lovett and CTO Artur Bergman add a cautionary signal, although the transactions were conducted under pre-arranged Rule 10b5-1 plans and therefore do not necessarily indicate a change in management’s outlook.

Analyst Ratings Changes

FSLY has been the subject of several analyst reports. Evercore restated an “outperform” rating on shares of Fastly in a research note on Wednesday. DA Davidson boosted their price objective on shares of Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $25.00 target price on shares of Fastly in a report on Wednesday. Piper Sandler increased their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, KeyCorp reissued an “overweight” rating and issued a $30.00 price target on shares of Fastly in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.73.

Fastly Price Performance

FSLY stock traded up $4.44 during midday trading on Wednesday, reaching $30.52. The company had a trading volume of 13,372,980 shares, compared to its average volume of 9,252,761. The firm has a 50-day moving average price of $23.35 and a 200-day moving average price of $22.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The company has a market capitalization of $4.86 billion, a P/E ratio of -58.74 and a beta of 0.36. Fastly has a 1 year low of $7.74 and a 1 year high of $34.82.

Fastly (NASDAQ:FSLY) last released its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to analysts’ expectations 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, research analysts anticipate that Fastly will post -0.29 earnings per share for the current fiscal year.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.