Scott Lovett Sells 9,779 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 9,779 shares of Fastly stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total value of $100,039.17. Following the completion of the sale, the insider directly owned 1,078,772 shares of the company’s stock, valued at approximately $11,035,837.56. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Fastly Trading Up 3.6%

Shares of NYSE:FSLY opened at $10.92 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $12.54. The company has a market cap of $1.63 billion, a P/E ratio of -11.37 and a beta of 1.21. The stock’s fifty day moving average price is $9.06 and its 200-day moving average price is $7.87.

Fastly (NYSE:FSLY) last issued its 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. The business had revenue of $158.22 million during the quarter, compared to analyst estimates 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 was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Sell-side analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FSLY shares. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Royal Bank Of Canada increased their price target on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Craig Hallum upgraded Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, August 7th. Citigroup upped their price objective on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, Piper Sandler raised their target price on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.36.

Hedge Funds Weigh In On Fastly

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Fastly by 3.4% during the third quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock valued at $142,500,000 after purchasing an additional 554,909 shares during the period. Legal & General Group Plc lifted its position in shares of Fastly by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 8,943,224 shares of the company’s stock valued at $63,139,000 after buying an additional 291,617 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Fastly during the 3rd quarter valued at about $61,864,000. Dimensional Fund Advisors LP grew its stake in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after acquiring an additional 117,213 shares during the period. Finally, Marshall Wace LLP increased its holdings in Fastly by 115.2% in the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after acquiring an additional 1,811,935 shares in the last quarter. 79.71% of the stock is owned by institutional investors.

About Fastly

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.