Fastly (NYSE:FSLY) Shares Down 3.6% After Insider Selling

Fastly, Inc. (NYSE:FSLY) shares dropped 3.6% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $11.98 and last traded at $11.8950. Approximately 590,331 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 3,123,158 shares. The stock had previously closed at $12.34.

Specifically, CTO Artur Bergman sold 40,000 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $11.43, for a total value of $457,200.00. Following the transaction, the chief technology officer owned 2,935,730 shares of the company’s stock, valued at approximately $33,555,393.90. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Lacey Compton III sold 18,455 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $10.23, for a total transaction of $188,794.65. Following the completion of the sale, the chief executive officer owned 640,858 shares in the company, valued at $6,555,977.34. This represents a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In related news, CTO Artur Bergman sold 62,828 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $10.48, for a total transaction of $658,437.44. Following the completion of the transaction, the chief technology officer owned 2,975,730 shares in the company, valued at approximately $31,185,650.40. The trade was a 2.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Upgrades and Downgrades

FSLY has been the topic of a number of recent analyst reports. 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 report on Tuesday, November 11th. Oppenheimer started coverage on Fastly in a research note on Monday, November 17th. They issued a “market perform” rating for the company. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Finally, Piper Sandler raised their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.36.

Fastly Stock Down 4.4%

The stock’s fifty day moving average price is $9.20 and its 200-day moving average price is $7.96. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -12.30 and a beta of 1.21.

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating 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 12.02%. The business had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’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. On average, sell-side analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Institutional Trading of Fastly

Large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in shares of Fastly by 3.2% in the 3rd quarter. Arizona State Retirement System now owns 40,705 shares of the company’s stock valued at $348,000 after buying an additional 1,253 shares in the last quarter. Vident Advisory LLC lifted its stake in Fastly by 4.4% during the first quarter. Vident Advisory LLC now owns 34,316 shares of the company’s stock worth $217,000 after purchasing an additional 1,438 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its holdings in shares of Fastly by 13.8% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after purchasing an additional 1,465 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Fastly by 6.1% in the first quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock valued at $175,000 after buying an additional 1,612 shares during the period. Finally, Federated Hermes Inc. boosted its position in Fastly by 0.9% during the 1st quarter. Federated Hermes Inc. now owns 211,638 shares of the company’s stock worth $1,340,000 after buying an additional 1,988 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.