Fastly Sees Unusually High Options Volume (NASDAQ:FSLY)

Fastly, Inc. (NASDAQ:FSLY) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 18,511 call options on the stock. This represents an increase of approximately 39% compared to the typical daily volume of 13,355 call options.

Insider Activity

In related news, insider Jeffrey Ford sold 45,832 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $24.65, for a total value of $1,129,758.80. Following the sale, the insider owned 249,861 shares in the company, valued at $6,159,073.65. This represents a 15.50% decrease in their position. 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. Also, CFO Richard Wong sold 148,015 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 1,091,286 shares in the company, valued at $31,221,692.46. This represents a 11.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,243,371 shares of company stock valued at $33,335,165. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSLY. GAMMA Investing LLC increased its holdings in shares of Fastly by 38.4% during the third quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after acquiring an additional 419 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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 in the last quarter. PNC Financial Services Group Inc. grew its position in Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after purchasing an additional 633 shares during the last quarter. Cim Investment Management Inc. grew its position in Fastly by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 10,816 shares of the company’s stock valued at $199,000 after purchasing an additional 747 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock valued at $26,000 after purchasing an additional 1,346 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.

Fastly Stock Up 14.6%

NASDAQ:FSLY traded up $3.69 on Friday, hitting $28.98. The stock had a trading volume of 6,360,637 shares, compared to its average volume of 9,141,396. Fastly has a 1 year low of $7.74 and a 1 year high of $34.82. The firm’s fifty day simple moving average is $24.68 and its two-hundred day simple moving average is $22.73. 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 stock has a market cap of $4.62 billion, a P/E ratio of -54.67 and a beta of 0.31.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share 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 the consensus estimate 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. Analysts predict that Fastly will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on FSLY shares. Evercore reissued an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Piper Sandler lifted their target price on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Bank of America upped their price target on Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, September 23rd. DA Davidson increased their price target on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, September 23rd. Finally, Freedom Broker raised their price objective on Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fastly has a consensus rating of “Hold” and a consensus price target of $27.42.

Fastly Company Profile

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.