Insider Selling: Fastly (NYSE:FSLY) Insider Sells $1,552,437.90 in Stock

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 73,715 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $21.06, for a total transaction of $1,552,437.90. Following the sale, the insider directly owned 1,580,513 shares of the company’s stock, valued at approximately $33,285,603.78. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Fastly Stock Performance

Shares of Fastly stock opened at $20.14 on Friday. The business’s 50 day moving average price is $12.58 and its 200 day moving average price is $10.42. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -20.98 and a beta of 0.88. 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 one year low of $4.65 and a one year high of $21.75.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a report on Thursday, February 12th. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. DA Davidson set a $13.00 target price on shares of Fastly in a research note on Thursday, February 12th. Citigroup boosted their target price on shares of Fastly from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Finally, Royal Bank Of Canada increased their price target on shares of Fastly from $12.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fastly currently has an average rating of “Hold” and an average target price of $13.14.

Institutional Trading of Fastly

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Fastly during the fourth quarter worth about $41,000. Sunbelt Securities Inc. grew its holdings in shares of Fastly by 199.8% in the fourth quarter. Sunbelt Securities Inc. now owns 70,868 shares of the company’s stock valued at $721,000 after purchasing an additional 47,233 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Fastly in the fourth quarter valued at approximately $11,657,000. Invesco Ltd. increased its stake in Fastly by 13.7% during the 4th quarter. Invesco Ltd. now owns 408,148 shares of the company’s stock worth $4,155,000 after buying an additional 49,093 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Fastly during the 4th quarter worth approximately $439,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: One-week momentum: Zacks notes FSLY rose ~5.75% over the past week, which can attract momentum or short-term traders and support near-term liquidity and sentiment. Fastly (FSLY) Is Up 5.75% in One Week: What You Should Know
• Positive Sentiment: Analyst/institutional color: Recent analyst moves (RBC raised its price objective, KeyCorp and William Blair issued more positive notes) and some small institutional buys have helped underpin the recovery narrative versus the prior year’s lows. That analyst chatter can provide support if earnings/guide match expectations. MarketBeat FSLY Coverage
• Neutral Sentiment: Industry backdrop: A Manila Standard piece highlights an “AI speed tax” — higher compute/network costs for AI workloads. For Fastly (edge cloud/CDN), higher demand from AI could be revenue-positive but may also raise operating/capex pressure; net impact is uncertain and depends on how Fastly prices/monetizes edge AI services. AI businesses paying an ‘AI Speed Tax’
• Negative Sentiment: Significant insider selling: Multiple insiders sold substantial blocks on March 4 (CEO Charles Lacey Compton III sold ~73k shares; CTO Artur Bergman sold ~24.5k shares, plus a series of prior sales). Large, clustered insider sales can sap investor confidence and add selling pressure even if some sales are for diversification or taxes. Insider Selling: Fastly (NYSE:FSLY) CTO Sells 24,532 Shares of Stock SEC Form 4 — CEO Sale

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.