Insider Selling: Fastly (NASDAQ:FSLY) Insider Sells $1,030,321.60 in Stock

24 Sep 2026, 08:22 by Kim Johansen · The Markets Daily

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) insider Scott Lovett sold 41,815 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $24.64, for a total value of $1,030,321.60. Following the completion of the transaction, the insider directly owned 1,281,583 shares in the company, valued at $31,578,205.12. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fastly Trading Up 13.7%

NASDAQ FSLY opened at $29.65 on Thursday. The stock has a market capitalization of $4.72 billion, a P/E ratio of -55.94 and a beta of 0.36. The business has a 50 day simple moving average of $23.55 and a 200 day simple moving average of $22.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a one year low of $7.74 and a one year high of $34.82.

Fastly (NASDAQ:FSLY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) 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 analysts’ expectations 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. Research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Fastly by 120.0% during the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in Fastly in the 1st quarter valued at about $1,951,000. Castleark Management LLC purchased a new stake in Fastly in the 1st quarter valued at about $5,164,000. Range Financial Group LLC bought a new position in shares of Fastly during the 1st quarter worth approximately $1,667,000. Finally, Wellington Management Group LLP bought a new position in shares of Fastly during the 2nd quarter worth approximately $8,696,000. 79.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FSLY has been the subject of several research reports. Bank of America raised their target price on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Wednesday. DA Davidson raised their price objective on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $30.00 target price on shares of Fastly in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fastly currently has a consensus rating of “Hold” and a consensus target price of $26.73.

Read Our Latest Report on FSLY

Key Fastly News

Here are the key news stories impacting Fastly this week:

Positive Sentiment: Fastly’s new AI Firewall, AI Runtime Control and API Security products are designed to protect and manage AI applications and agentic traffic at the edge. The launch strengthens the company’s AI narrative and could expand its addressable market. Fastly AI security push article
Positive Sentiment: Freedom Broker raised its Fastly price target to $37 from $32 and maintained a “buy” rating, signaling additional upside based on expectations for growth in edge cloud, security and AI-related services.
Positive Sentiment: Unusually high options activity indicated strong speculative interest: investors purchased 33,432 call contracts, roughly 187% above typical volume. Call buying can amplify bullish momentum when traders expect further gains.
Positive Sentiment: Fastly’s latest quarterly results exceeded expectations, with revenue of $183.3 million and non-GAAP EPS of $0.15. Fiscal 2026 guidance calls for approximately $739 million of revenue and midpoint EPS of $0.52, supporting the case for improving operating leverage. Fastly earnings article
Neutral Sentiment: Analyst views remain divided. DA Davidson lifted its target to $23 but kept a “neutral” rating, while commentary from BofA suggested Fastly’s transition into an edge platform is promising but that the AI opportunity remains uncertain.
Negative Sentiment: CTO Artur Bergman sold 77,046 shares across September 21–22 for approximately $2.1 million. The sales were made under a pre-arranged Rule 10b5-1 plan, reducing their value as a discretionary bearish signal, but the transactions may still concern investors after the stock’s sharp advance.

Fastly Company Profile

(Get Free Report)

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.