Handelsbanken Fonder AB Invests $812,000 in Fastly, Inc. $FSLY

Handelsbanken Fonder AB acquired a new stake in Fastly, Inc. (NASDAQ:FSLY) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 44,300 shares of the company’s stock, valued at approximately $812,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its stake in 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 worth $48,754,000 after purchasing an additional 4,623,767 shares in the last quarter. First Trust Advisors LP raised its position in Fastly by 100.5% in 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 in the last quarter. Balyasny Asset Management L.P. boosted its stake 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 valued at $9,383,000 after buying an additional 1,296,119 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of Fastly during the fourth quarter worth about $11,657,000. Finally, Morgan Stanley grew its position in shares of Fastly by 14.7% during the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock worth $84,893,000 after buying an additional 1,071,222 shares in the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Fastly Price Performance

FSLY stock opened at $23.66 on Thursday. The business has a 50 day moving average price of $21.01 and a 200 day moving average price of $21.14. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -44.64 and a beta of 0.34. Fastly, Inc. has a fifty-two week low of $6.97 and a fifty-two week high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The firm had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Equities research analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Transactions at Fastly

In other news, insider Scott R. Lovett sold 41,716 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total value of $741,293.32. Following the completion of the sale, the insider directly owned 1,392,778 shares of the company’s stock, valued at approximately $24,749,665.06. The trade was a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard Devon Daniels sold 11,080 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $22.90, for a total value of $253,732.00. Following the completion of the sale, the director directly owned 51,197 shares of the company’s stock, valued at approximately $1,172,411.30. This trade represents a 17.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 163,589 shares of company stock worth $3,102,916. 4.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on FSLY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Canaccord Genuity Group assumed coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.33.

Fastly 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.