Fastly, Inc. (NASDAQ:FSLY) Receives Consensus Recommendation of “Hold” from Brokerages

Fastly, Inc. (NASDAQ:FSLY) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $25.3333.

A number of brokerages have weighed in on FSLY. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Canaccord Genuity Group began coverage on Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. KeyCorp increased their target price on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Citigroup raised their price target 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.

Insider Transactions at Fastly

In other news, Director Richard Devon Daniels sold 11,080 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $22.90, for a total value of $253,732.00. Following the completion of the sale, the director owned 51,197 shares of the company’s stock, valued at approximately $1,172,411.30. The trade was a 17.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Wong sold 148,015 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 1,091,286 shares in the company, valued at approximately $31,221,692.46. This trade represents a 11.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 436,364 shares of company stock valued at $10,739,032 over the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently bought and sold shares of FSLY. Alyeska Investment Group L.P. increased its holdings 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 valued at $48,754,000 after buying an additional 4,623,767 shares during the last quarter. First Trust Advisors LP lifted its holdings in Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after buying an additional 3,524,763 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Fastly by 3,941.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after buying an additional 1,296,119 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Fastly in the 4th quarter worth approximately $11,657,000. Finally, Morgan Stanley grew its position in shares of Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock worth $84,893,000 after acquiring an additional 1,071,222 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s latest quarterly results were stronger than expected. The company reported $0.15 in EPS versus the $0.07 consensus estimate and revenue of $183.32 million versus expectations of $173.94 million. Management also provided fiscal 2026 EPS guidance of $0.50 to $0.54, supporting the investment case for an improving edge-cloud business. Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
• Neutral Sentiment: CEO Charles Lacey Compton III sold 11,198 shares for approximately $276,000 on August 19, following an earlier sale of 34,552 shares. CTO Artur Bergman also sold 64,074 shares for about $1.71 million across August 18–19. These trades were made under pre-arranged Rule 10b5-1 plans, making them less reliable as signals of management’s current outlook. Fastly Insider Selling Alert
• Negative Sentiment: Fastly’s CFO Richard Wong sold 148,015 shares worth approximately $4.23 million, reducing his direct ownership by nearly 12%. Insider Scott R. Lovett sold an additional 14,936 shares for about $427,000. The concentration of sales by senior executives—roughly $7.8 million in reported transactions—could weigh on investor confidence despite the 10b5-1 plans. Fastly CFO SEC Filing
• Negative Sentiment: Shares recently fell after a report that Anthropic’s expected IPO could rival or exceed SpaceX’s record debut. The news renewed concerns that large AI companies could capture technology spending and investor attention, increasing competitive pressure on software and edge-cloud providers such as Fastly. Why Fastly Shares Are Falling Today

Fastly Stock Performance

NASDAQ:FSLY opened at $24.95 on Tuesday. 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 firm has a 50-day moving average of $21.22 and a two-hundred day moving average of $21.26. The stock has a market cap of $3.97 billion, a P/E ratio of -47.08 and a beta of 0.34. Fastly has a 1-year low of $7.05 and a 1-year high of $34.82.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $183.32 million for the quarter, compared to analyst estimates 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. On average, research analysts expect that Fastly will post -0.29 earnings per share for the current fiscal year.

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.