Caxton Associates LLP Has $1.48 Million Position in Fastly, Inc. $FSLY

Caxton Associates LLP raised its stake in Fastly, Inc. (NYSE:FSLY) by 65.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,633 shares of the company’s stock after acquiring an additional 83,198 shares during the period. Caxton Associates LLP owned approximately 0.14% of Fastly worth $1,480,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of Fastly in the first quarter worth $38,000. Geneos Wealth Management Inc. acquired a new stake in Fastly during the first quarter worth about $52,000. Acadian Asset Management LLC bought a new position in Fastly in the 1st quarter valued at about $78,000. Oxford Asset Management LLP acquired a new position in shares of Fastly in the 2nd quarter valued at approximately $83,000. Finally, AlphaQuest LLC lifted its holdings in shares of Fastly by 192.4% during the 1st quarter. AlphaQuest LLC now owns 13,771 shares of the company’s stock worth $87,000 after acquiring an additional 9,061 shares during the period. 79.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FSLY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Monday. Royal Bank Of Canada raised their price objective on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Finally, DA Davidson boosted their target price on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.64.

Fastly Price Performance

Shares of FSLY opened at $10.32 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.54 billion, a PE ratio of -10.75 and a beta of 0.97. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $12.59. The business has a 50-day simple moving average of $9.89 and a two-hundred day simple moving average of $8.30.

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

Insider Activity at Fastly

In other news, insider Scott R. Lovett sold 42,172 shares of Fastly stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $8.41, for a total transaction of $354,666.52. Following the transaction, the insider owned 1,088,551 shares in the company, valued at approximately $9,154,713.91. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Artur Bergman sold 220,000 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $10.67, for a total transaction of $2,347,400.00. Following the completion of the sale, the chief technology officer directly owned 3,121,276 shares in the company, valued at approximately $33,304,014.92. This represents a 6.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 712,481 shares of company stock valued at $7,273,202. Corporate insiders own 6.70% of the company’s stock.

Fastly Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.