Insider Selling: Fastly (NYSE:FSLY) Insider Sells $350,347.55 in Stock

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 34,517 shares of Fastly stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $10.15, for a total transaction of $350,347.55. Following the completion of the transaction, the insider owned 1,044,255 shares in the company, valued at approximately $10,599,188.25. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Fastly Price Performance

Shares of FSLY opened at $10.23 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $12.59. The firm has a 50-day simple moving average of $10.03 and a 200-day simple moving average of $8.37. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -10.66 and a beta of 0.97.

Fastly (NYSE:FSLY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $151.04 million. During the same period last year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. On average, equities research analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

FSLY has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Oppenheimer assumed coverage on shares of Fastly in a research report on Monday, November 17th. They issued a “market perform” rating for the company. DA Davidson lifted their price objective on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Piper Sandler increased their target price on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Citigroup raised their price target on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fastly currently has a consensus rating of “Hold” and an average target price of $10.64.

Institutional Investors Weigh In On Fastly

Several institutional investors have recently modified their holdings of FSLY. Banque Transatlantique SA purchased a new position in Fastly in the 1st quarter valued at approximately $38,000. Byrne Asset Management LLC purchased a new stake in Fastly during the third quarter worth $43,000. Quarry LP acquired a new stake in Fastly in the third quarter valued at $49,000. Geneos Wealth Management Inc. purchased a new position in shares of Fastly in the first quarter valued at $52,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Fastly during the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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.