Fastly (NASDAQ:FSLY) Stock Price Down 3.5% Following Insider Selling

Fastly, Inc. (NASDAQ:FSLY) shares traded down 3.5% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $21.55 and last traded at $22.1860. 1,225,099 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 9,063,941 shares. The stock had previously closed at $22.99.

Specifically, CEO Charles Compton, III sold 9,016 shares of the firm’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $23.08, for a total value of $208,089.28. Following the completion of the sale, the chief executive officer directly owned 831,500 shares in the company, valued at $19,191,020. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 11,433 shares of Fastly stock in a transaction on Friday, October 16th. The stock was sold at an average price of $24.90, for a total transaction of $284,681.70. Following the transaction, the chief executive officer directly owned 840,516 shares of the company’s stock, valued at $20,928,848.40. The trade was a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Fastly news, CTO Artur Bergman sold 3,002 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $30.07, for a total transaction of $90,270.14. Following the transaction, the chief technology officer owned 1,098,317 shares in the company, valued at $33,026,392.19. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several equities analysts recently commented on FSLY shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $25.00 price target on shares of Fastly in a report on Wednesday, September 23rd. Piper Sandler increased their price objective on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Bank of America raised their price objective on shares of Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 23rd. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Freedom Broker boosted their target price on Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fastly has an average rating of “Hold” and an average target price of $27.42.

Fastly Stock Up 5.6%

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 firm has a 50-day moving average price of $24.60 and a two-hundred day moving average price of $22.46.

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

Hedge Funds Weigh In On Fastly

Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in shares of Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after acquiring an additional 3,524,763 shares during the period. Dimensional Fund Advisors LP grew its stake in Fastly by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after purchasing an additional 11,022 shares in the last quarter. Bank of America Corp DE grew its stake in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares in the last quarter. SG Americas Securities LLC grew its stake in Fastly by 90.7% in the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock worth $19,918,000 after purchasing an additional 326,087 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Fastly during the 2nd quarter worth $8,696,000. 79.71% of the stock is currently owned by institutional investors.

About Fastly

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.