Fox Run Management L.L.C. Takes Position in Fastly, Inc. $FSLY

Fox Run Management L.L.C. purchased a new stake in Fastly, Inc. (NYSE:FSLY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,229 shares of the company’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC acquired a new position in shares of Fastly during the 2nd quarter valued at about $104,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Fastly in the 2nd quarter valued at approximately $741,000. Versor Investments LP acquired a new stake in shares of Fastly during the 2nd quarter worth approximately $217,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Fastly during the 2nd quarter worth approximately $557,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Fastly by 12.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,433 shares of the company’s stock valued at $137,000 after buying an additional 2,210 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

Insider Buying and Selling

In other Fastly news, CTO Artur Bergman sold 220,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $10.67, for a total value of $2,347,400.00. Following the sale, the chief technology officer directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott R. Lovett sold 178,931 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $8.28, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 860,651 shares of company stock valued at $7,681,561 in the last quarter. 6.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FSLY shares. Royal Bank Of Canada increased their price target on Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Citigroup lifted their price target on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, August 7th. Finally, DA Davidson lifted their target price on shares of Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Fastly currently has a consensus rating of “Hold” and an average target price of $10.36.

Fastly Stock Down 1.6%

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

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.Fastly’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. 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, equities analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

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.