Y Intercept Hong Kong Ltd Makes New $557,000 Investment in Fastly, Inc. $FSLY

Y Intercept Hong Kong Ltd acquired a new position in shares of Fastly, Inc. (NYSE:FSLY) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 78,960 shares of the company’s stock, valued at approximately $557,000. Y Intercept Hong Kong Ltd owned about 0.05% of Fastly as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Fastly by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 15,590,433 shares of the company’s stock worth $98,687,000 after purchasing an additional 300,572 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Fastly by 7.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after buying an additional 165,937 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Fastly by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,796,501 shares of the company’s stock valued at $11,372,000 after buying an additional 75,904 shares during the period. PDT Partners LLC lifted its position in Fastly by 143.0% during the 1st quarter. PDT Partners LLC now owns 619,625 shares of the company’s stock worth $3,922,000 after acquiring an additional 364,682 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Fastly by 1.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after acquiring an additional 6,247 shares during the period. 79.71% of the stock is owned by hedge funds and other institutional investors.

Fastly Stock Performance

NYSE:FSLY opened at $11.07 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $8.25 and a 200-day moving average of $7.45. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $12.08. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -11.53 and a beta of 1.21.

Fastly (NYSE:FSLY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $158.22 million for the quarter, compared to analysts’ expectations of $151.04 million. Fastly had a negative return on equity of 11.96% and a negative net margin of 23.49%.The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. Analysts forecast that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FSLY. Piper Sandler boosted their price objective on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a report on Thursday. Craig Hallum raised Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their price target on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Fastly presently has a consensus rating of “Hold” and a consensus price target of $9.83.

Insider Buying and Selling

In other Fastly news, insider Scott R. Lovett sold 42,172 shares of Fastly stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $8.41, for a total value of $354,666.52. Following the transaction, the insider directly owned 1,088,551 shares of the company’s stock, valued at $9,154,713.91. The trade was a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Lacey Compton III sold 11,378 shares of Fastly stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $8.41, for a total value of $95,688.98. Following the sale, the chief executive officer directly owned 659,313 shares in the company, valued at approximately $5,544,822.33. This trade represents a 1.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 597,933 shares of company stock worth $4,823,359. 6.70% of the stock is owned by company insiders.

Fastly Company 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.