Scott Lovett Sells 19,622 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) insider Scott Lovett sold 19,622 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.96, for a total value of $332,789.12. Following the sale, the insider owned 1,469,413 shares in the company, valued at $24,921,244.48. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Fastly Stock Up 0.3%

Shares of Fastly stock opened at $20.83 on Thursday. Fastly, Inc. has a twelve month low of $6.29 and a twelve month high of $34.82. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -21.70 and a beta of 0.49. The business’s 50 day simple moving average is $23.74 and its 200-day simple moving average is $17.08.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s recent update highlighted stronger security growth, a higher 2026 revenue guidance range, and new AI-oriented tooling, reinforcing the bull case for its edge platform. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: Analysts have remained constructive, with recent price targets from firms such as KeyBanc and Piper Sandler above the current trading range, which can help attract buyers. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: The stock’s sharp one-year run has kept momentum investors engaged, and Fastly’s conference presentation likely helped maintain visibility around the story. Fastly, Inc. (FSLY) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: One recent article questioned whether Fastly is still attractive after its big rally, reflecting a valuation debate rather than a clear change in fundamentals. Is It Too Late To Reassess Fastly (FSLY) After Its 169% One Year Surge?
• Negative Sentiment: Recent insider selling by the CEO, CTO, and a director may create some caution, even though at least one trade was made under a pre-arranged 10b5-1 plan. Fastly (NYSE:FSLY) Director Christopher Paisley Sells 1,000 Shares
• Negative Sentiment: Older coverage also noted that Fastly’s strong first-quarter results did not fully calm growth concerns, which may limit upside if investors demand more proof of sustained execution. Stock Market Today, May 7: Fastly Shares Plunge After Record Q1 Results Fail to Ease Growth Concerns

Wall Street Analyst Weigh In

Several research firms recently commented on FSLY. William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. Piper Sandler lowered their target price on Fastly to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Citigroup raised their target price on Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada lowered their target price on Fastly to $18.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Finally, KeyCorp raised their target price on Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.63.

Hedge Funds Weigh In On Fastly

Several hedge funds have recently modified their holdings of FSLY. Penserra Capital Management LLC acquired a new position in shares of Fastly during the 3rd quarter valued at $61,864,000. Alyeska Investment Group L.P. increased its position in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock valued at $48,754,000 after purchasing an additional 4,623,767 shares during the period. First Trust Advisors LP increased its position in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Fastly during the 3rd quarter valued at $21,174,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Fastly by 3,941.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after acquiring an additional 1,296,119 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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.