Insider Selling: Fastly (NASDAQ:FSLY) CFO Sells 148,015 Shares

Fastly, Inc. (NASDAQ:FSLY) CFO Richard Wong sold 148,015 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $28.61, for a total transaction of $4,234,709.15. Following the transaction, the chief financial officer directly owned 1,091,286 shares in the company, valued at $31,221,692.46. The trade was a 11.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Fastly Stock Performance

FSLY stock traded down $0.95 during trading on Thursday, hitting $22.71. The company had a trading volume of 5,761,319 shares, compared to its average volume of 9,739,349. The firm has a market cap of $3.62 billion, a PE ratio of -42.85 and a beta of 0.34. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $21.01 and a 200-day moving average price of $21.14. Fastly, Inc. has a 1-year low of $7.01 and a 1-year high of $34.82.

Fastly (NASDAQ:FSLY) last released its quarterly 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. The business had revenue of $183.32 million during 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, analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. KeyCorp upped their price objective on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Citigroup raised their target price on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Fastly in a research note on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Institutional Investors Weigh In On Fastly

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after buying an additional 633 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Fastly during the first quarter worth about $44,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after purchasing an additional 627 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Fastly in the second quarter valued at $72,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Fastly in the 4th quarter valued at about $41,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

About Fastly

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.