Fastly (NYSE:FSLY) Given New $10.00 Price Target at Piper Sandler

Fastly (NYSE:FSLY) had its price target boosted by Piper Sandler from $7.50 to $10.00 in a report issued on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.83.

Fastly Stock Performance

Shares of FSLY stock traded up $0.59 during mid-day trading on Thursday, reaching $11.56. The company’s stock had a trading volume of 7,756,269 shares, compared to its average volume of 3,521,098. The firm’s 50-day moving average is $8.25 and its two-hundred day moving average is $7.45. Fastly has a 1-year low of $4.65 and a 1-year high of $12.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16.

Fastly (NYSE:FSLY) last posted its quarterly earnings results 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 net margin of 23.49% and a negative return on equity of 11.96%. The business had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. During the same period in the previous year, the firm posted $0.02 earnings per share. Fastly’s revenue for the quarter was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. As a group, sell-side analysts forecast that Fastly will post -0.78 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Artur Bergman sold 58,138 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $7.41, for a total value of $430,802.58. Following the completion of the sale, the chief technology officer directly owned 3,521,276 shares in the company, valued at $26,092,655.16. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott R. Lovett sold 178,931 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $8.28, for a total value of $1,481,548.68. Following the completion of the sale, the insider owned 1,165,185 shares in the company, valued at $9,647,731.80. The trade was a 13.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 597,933 shares of company stock worth $4,823,359. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Fastly by 3.4% in the third quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock valued at $142,500,000 after acquiring an additional 554,909 shares during the period. Oppenheimer & Co. Inc. grew its position in Fastly by 14.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 108,986 shares of the company’s stock worth $932,000 after purchasing an additional 14,114 shares in the last quarter. Savant Capital LLC increased its stake in Fastly by 27.6% in the 3rd quarter. Savant Capital LLC now owns 18,721 shares of the company’s stock valued at $160,000 after buying an additional 4,051 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Fastly during the 3rd quarter worth approximately $61,864,000. Finally, State of Wyoming boosted its stake in shares of Fastly by 11.5% in the 3rd quarter. State of Wyoming now owns 58,891 shares of the company’s stock worth $504,000 after buying an additional 6,068 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.