Wellington Management Group LLP Takes Position in Fastly, Inc. $FSLY

Wellington Management Group LLP purchased a new position in shares of Fastly, Inc. (NASDAQ:FSLY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 473,659 shares of the company’s stock, valued at approximately $8,696,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSLY. Morgan Stanley grew its position in shares of Fastly by 14.7% during the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock worth $84,893,000 after buying an additional 1,071,222 shares during the period. First Trust Advisors LP grew its stake in shares of Fastly by 100.5% in the 1st 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 in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Fastly by 2,795.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock worth $48,754,000 after buying an additional 4,623,767 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after purchasing an additional 117,213 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Fastly by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,477,675 shares of the company’s stock valued at $35,408,000 after acquiring an additional 233,184 shares during the period. 79.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on FSLY shares. Raymond James Financial reiterated an “outperform” rating and set a $29.00 target price on shares of Fastly in a research report on Thursday, August 6th. Piper Sandler upped their target price 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. Evercore reaffirmed an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. KeyCorp lifted their price target on Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.33.

Insider Activity

In other Fastly news, CTO Artur Bergman sold 32,387 shares of Fastly stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total value of $926,268.20. Following the sale, the chief technology officer owned 2,005,191 shares of the company’s stock, valued at $57,348,462.60. The trade was a 1.59% decrease in their position. The transaction was disclosed in a legal 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, CEO Charles Compton, III sold 55,579 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $21.39, for a total transaction of $1,188,834.81. Following the sale, the chief executive officer owned 914,235 shares in the company, valued at $19,555,486.65. This represents a 5.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 568,894 shares of company stock worth $13,946,933 in the last quarter. Corporate insiders own 4.20% of the company’s stock.

Fastly Stock Up 4.4%

Fastly stock opened at $21.49 on Wednesday. Fastly, Inc. has a 12 month low of $7.28 and a 12 month high of $34.82. The stock has a fifty day simple moving average of $22.33 and a two-hundred day simple moving average of $22.15. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -40.55 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The business had revenue of $183.32 million during 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. Equities analysts predict that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

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.