Scott Lovett Sells 14,936 Shares of Fastly (NASDAQ:FSLY) Stock

by · The Cerbat Gem

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) insider Scott Lovett sold 14,936 shares of Fastly stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total transaction of $427,169.60. Following the completion of the sale, the insider directly owned 1,377,842 shares in the company, valued at approximately $39,406,281.20. This represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Fastly Stock Performance

FSLY traded down $0.95 during midday trading on Thursday, reaching $22.71. The company had a trading volume of 5,761,319 shares, compared to its average volume of 9,739,349. Fastly, Inc. has a 12-month low of $7.01 and a 12-month high of $34.82. The business has a 50-day moving average price of $21.01 and a two-hundred day moving average price of $21.14. The stock has a market cap of $3.62 billion, a PE ratio of -42.85 and a beta of 0.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36.

Fastly (NASDAQ:FSLY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million during the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, sell-side analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

Several hedge funds have recently made changes to their positions in FSLY. Wellington Management Group LLP bought a new stake in shares of Fastly during the 2nd quarter valued at $8,696,000. C M Bidwell & Associates Ltd. purchased a new position in Fastly during the 2nd quarter valued at about $72,000. Handelsbanken Fonder AB purchased a new position in Fastly during the 2nd quarter valued at about $812,000. Assenagon Asset Management S.A. bought a new stake in shares of Fastly during the second quarter valued at about $774,000. Finally, Byrne Asset Management LLC bought a new stake in shares of Fastly during the second quarter valued at about $173,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Canaccord Genuity Group began coverage on Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. KeyCorp boosted their price objective on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Citigroup increased their target price on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.33.

Check Out Our Latest Analysis on FSLY

Fastly Company Profile

(Get Free Report)

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.

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