Fastly (NASDAQ:FSLY) Insider Scott Lovett Sells 19,624 Shares

Fastly, Inc. (NASDAQ:FSLY) insider Scott Lovett sold 19,624 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $23.00, for a total value of $451,352.00. Following the sale, the insider owned 1,358,218 shares of the company’s stock, valued at approximately $31,239,014. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fastly Stock Performance

Shares of Fastly stock opened at $20.43 on Thursday. The firm has a market capitalization of $3.25 billion, a P/E ratio of -38.55 and a beta of 0.36. Fastly, Inc. has a 52 week low of $7.05 and a 52 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. The firm’s 50 day moving average is $22.05 and its two-hundred day moving average is $22.07.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate 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. Research analysts forecast that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Trading of Fastly

A number of institutional investors have recently modified their holdings of the business. Amundi increased its holdings in shares of Fastly by 11.3% in the 1st quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after purchasing an additional 4,724 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Fastly during the first quarter worth about $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Fastly by 1.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after buying an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp grew its position in Fastly by 963.6% during the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after buying an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Fastly by 7.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after buying an additional 165,937 shares during the period. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s record second-quarter performance is being viewed as evidence of a potential platform inflection. The company reported revenue of $183.3 million, above the $173.9 million consensus estimate, and adjusted EPS of $0.15 versus expectations of $0.07. The results support the investment case that Fastly’s edge cloud and AI-related offerings can accelerate growth. Fastly: Record Q2 Confirms The Platform Inflection
• Neutral Sentiment: A market article identified Fastly among stocks with short-squeeze potential. While elevated short interest could create upside if bullish momentum returns, the discussion is speculative and does not represent a new company-specific fundamental catalyst. 15 Stocks to Watch With Short Squeeze Potential
• Negative Sentiment: Schubert Jonckheer & Kolbe announced an investigation into potential claims that Fastly made false or misleading statements concerning growth and macroeconomic pressures. The announcement follows a reported 31% stock drop and adds legal and reputational risk, although the investigation does not establish wrongdoing. Fastly Investor Alert
• Negative Sentiment: Insiders sold approximately 99,456 shares for roughly $2.2 million, including two sales by CEO Charles Lacey Compton III, plus transactions by the CTO, a director and another insider. Most of the reported sales were executed under pre-arranged Rule 10b5-1 plans, which reduces their significance as a discretionary bearish signal, but the clustering of sales may still weigh on investor sentiment. Insiders continue to hold substantial positions.

Analysts Set New Price Targets

FSLY has been the topic of several research reports. Freedom Capital raised Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada boosted their price objective on Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and set a $29.00 target price on shares of Fastly in a research report on Thursday, August 6th. KeyCorp lifted their target price on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.33.

About Fastly

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.