Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in Fastly, Inc. $FSLY

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Fastly, Inc. (NYSE:FSLY) by 288.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 496,137 shares of the company’s stock after purchasing an additional 368,490 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.34% of Fastly worth $3,503,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Banque Transatlantique SA acquired a new stake in Fastly during the 1st quarter worth approximately $38,000. Geneos Wealth Management Inc. purchased a new stake in shares of Fastly during the first quarter worth $52,000. Acadian Asset Management LLC acquired a new stake in shares of Fastly in the first quarter valued at $78,000. AlphaQuest LLC boosted its holdings in Fastly by 192.4% in the first quarter. AlphaQuest LLC now owns 13,771 shares of the company’s stock valued at $87,000 after purchasing an additional 9,061 shares during the period. Finally, Bryce Point Capital LLC acquired a new position in Fastly during the 1st quarter worth $99,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, August 7th. DA Davidson lifted their price target on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen raised shares of Fastly from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup lifted their price objective on shares of Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.36.

Fastly Trading Down 1.6%

NYSE FSLY opened at $11.25 on Friday. The firm’s fifty day moving average price is $8.76 and its 200 day moving average price is $7.70. Fastly, Inc. has a 12 month low of $4.65 and a 12 month high of $12.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.49. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -11.72 and a beta of 1.21.

Fastly (NYSE:FSLY) last released its quarterly earnings data 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. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The company had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Fastly’s revenue for the quarter was up 15.3% on a year-over-year basis. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. On average, sell-side analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fastly news, insider Scott R. Lovett sold 178,931 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was 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 approximately $9,647,731.80. The trade was a 13.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Artur Bergman sold 220,000 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $10.67, for a total transaction of $2,347,400.00. Following the sale, the chief technology officer owned 3,121,276 shares of the company’s stock, valued at approximately $33,304,014.92. This represents a 6.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 860,651 shares of company stock worth $7,681,561 in the last 90 days. 6.70% of the stock is currently owned by company insiders.

Fastly 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.