Knights of Columbus Asset Advisors LLC Invests $1 Million in Fastly, Inc. $FSLY

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Fastly, Inc. (NYSE:FSLY) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 117,230 shares of the company’s stock, valued at approximately $1,002,000.

Other large investors have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in shares of Fastly during the third quarter valued at approximately $43,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Fastly in the 3rd quarter worth $56,000. State of Alaska Department of Revenue bought a new stake in shares of Fastly in the 3rd quarter worth $57,000. Geneos Wealth Management Inc. purchased a new position in shares of Fastly in the first quarter worth $52,000. Finally, LeConte Wealth Management LLC bought a new position in shares of Fastly during the third quarter valued at $92,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Oppenheimer started coverage on shares of Fastly in a research note on Monday, November 17th. They set a “market perform” rating for the company. Piper Sandler increased their price target on Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Finally, Citigroup reduced their price objective on Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.64.

Insider Buying and Selling at Fastly

In related news, insider Scott R. Lovett sold 42,118 shares of Fastly stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total transaction of $425,391.80. Following the sale, the insider owned 1,002,137 shares of the company’s stock, valued at approximately $10,121,583.70. This trade represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Lacey Compton III sold 4,638 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $8.81, for a total value of $40,860.78. Following the completion of the transaction, the chief executive officer owned 612,232 shares of the company’s stock, valued at $5,393,763.92. The trade was a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 949,248 shares of company stock valued at $9,957,349 over the last ninety days. 6.70% of the stock is currently owned by company insiders.

Fastly Trading Down 3.8%

Fastly stock opened at $9.25 on Friday. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $12.59. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -9.64 and a beta of 0.98. The firm has a 50 day moving average of $10.28 and a 200 day moving average of $8.92. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Fastly (NYSE:FSLY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $158.22 million for the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, research analysts predict that Fastly, Inc. will post -0.78 earnings per share 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.