Fastly (NASDAQ:FSLY) Stock Sees Heavy Call Option Buying

Fastly, Inc. (NASDAQ:FSLY) was the target of unusually large options trading on Friday. Stock investors acquired 18,511 call options on the company. This is an increase of approximately 39% compared to the average daily volume of 13,355 call options.

Insiders Place Their Bets

In related news, insider Scott Lovett sold 41,815 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $24.64, for a total transaction of $1,030,321.60. Following the transaction, the insider owned 1,281,583 shares in the company, valued at $31,578,205.12. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Ford sold 45,832 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $24.65, for a total value of $1,129,758.80. Following the transaction, the insider directly owned 249,861 shares in the company, valued at $6,159,073.65. The trade was a 15.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,243,371 shares of company stock worth $33,335,165 in the last quarter. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Fastly

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after acquiring an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Fastly by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after purchasing an additional 11,022 shares during the period. Bank of America Corp DE boosted its stake in shares of Fastly by 120.0% during the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after purchasing an additional 692,459 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Fastly by 90.7% during the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after purchasing an additional 326,087 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Fastly during the second quarter valued at approximately $8,696,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FSLY shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Canaccord Genuity Group began coverage on Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 target price on the stock. Evercore reissued an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, DA Davidson increased their price objective on shares of Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.42.

Fastly Trading Up 14.6%

NASDAQ:FSLY traded up $3.69 during mid-day trading on Friday, hitting $28.98. 6,360,637 shares of the stock traded hands, compared to its average volume of 9,141,396. 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 has a 52 week low of $7.74 and a 52 week high of $34.82. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -54.67 and a beta of 0.31. The firm’s 50 day moving average is $24.68 and its two-hundred day moving average is $22.73.

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

Fastly Company Profile

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.