Fastly (NYSE:FSLY) Trading Down 4.6% – Time to Sell?

Fastly, Inc. (NYSE:FSLY)’s stock price dropped 4.6% during trading on Tuesday . The company traded as low as $9.97 and last traded at $9.7050. Approximately 124,774 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 2,985,664 shares. The stock had previously closed at $10.17.

Analyst Ratings Changes

FSLY has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Monday, December 15th. DA Davidson boosted their price objective on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Citigroup increased their target price on Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada lifted their price target on Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.93.

Fastly Stock Down 5.5%

The firm has a 50 day moving average price of $10.59 and a 200-day moving average price of $8.63. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -10.36 and a beta of 0.98. 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 (NYSE:FSLY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share 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%.The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, equities analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fastly news, CTO Artur Bergman sold 40,000 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $10.27, for a total value of $410,800.00. Following the transaction, the chief technology officer owned 2,690,579 shares of the company’s stock, valued at approximately $27,632,246.33. This represents a 1.46% 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, insider Scott R. Lovett sold 42,118 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total value of $425,391.80. Following the transaction, the insider owned 1,002,137 shares of the company’s stock, valued at $10,121,583.70. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 886,944 shares of company stock valued at $9,258,075 in the last ninety days. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Fastly

Large investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in shares of Fastly in the 3rd quarter valued at about $43,000. Quarry LP bought a new position in shares of Fastly during the third quarter worth about $49,000. Geneos Wealth Management Inc. acquired a new stake in Fastly in the 1st quarter valued at approximately $52,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Fastly in the 3rd quarter valued at approximately $56,000. Finally, State of Alaska Department of Revenue bought a new stake in Fastly in the 3rd quarter valued at approximately $57,000. Institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.