Fastly Sees Unusually High Options Volume (NASDAQ:FSLY)

Fastly, Inc. (NASDAQ:FSLY) was the recipient of unusually large options trading on Wednesday. Traders acquired 33,432 call options on the stock. This represents an increase of approximately 187% compared to the typical volume of 11,668 call options.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s new AI Firewall, AI Runtime Control and API Security products are designed to secure and manage AI and agentic traffic at the edge. The offerings could expand Fastly’s addressable market and increase demand for its edge cloud platform. Fastly’s AI Security Push Adds Heat Ahead of Investor Day
• Positive Sentiment: Recent operating results remain strong: second-quarter revenue reached a record $183.3 million, up 23% year over year, while non-GAAP EPS of $0.15 exceeded consensus. Fastly also raised or reaffirmed fiscal 2026 expectations at approximately $739 million of revenue and $0.52 of midpoint EPS, indicating improving operating leverage. Fastly: Earnings Are Catching Up With The Valuation
• Neutral Sentiment: Analyst views are mixed. DA Davidson raised its price target to $23 but maintained a neutral rating, implying limited upside relative to recent trading levels. In contrast, a bullish Seeking Alpha contributor increased a target to $34, arguing that earnings growth is beginning to justify Fastly’s valuation.
• Negative Sentiment: The Investor Day triggered profit-taking rather than a fresh buying wave, suggesting that expectations had become elevated after the AI-product announcement and recent rally. Investors may have wanted more aggressive guidance or clearer evidence that the new products will materially accelerate growth. Fastly Just Ripped 138% This Year but It’s Now Falling
• Negative Sentiment: Recent insider sales by Jeffrey Ford, Scott Lovett and CTO Artur Bergman add a cautionary signal, although the transactions were conducted under pre-arranged Rule 10b5-1 plans and therefore do not necessarily indicate a change in management’s outlook.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America raised their price target on Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday. Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a research note on Wednesday. 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. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Finally, KeyCorp reiterated an “overweight” rating and issued a $30.00 price target on shares of Fastly in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.73.

Fastly Stock Performance

Fastly stock traded up $4.44 during midday trading on Wednesday, hitting $30.52. The stock had a trading volume of 13,372,980 shares, compared to its average volume of 9,252,761. The firm’s fifty day moving average is $23.35 and its two-hundred day moving average is $22.54. The company has a market capitalization of $4.86 billion, a PE ratio of -58.74 and a beta of 0.36. Fastly has a 52-week low of $7.74 and a 52-week high of $34.82. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33.

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

Insider Activity

In other news, CTO Artur Bergman sold 32,387 shares of Fastly stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total value of $926,268.20. Following the completion of the sale, the chief technology officer directly owned 2,005,191 shares in the company, valued at $57,348,462.60. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 55,579 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $21.39, for a total transaction of $1,188,834.81. Following the transaction, the chief executive officer owned 914,235 shares in the company, valued at approximately $19,555,486.65. This trade represents a 5.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 749,684 shares of company stock valued at $18,845,838. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Fastly

Several institutional investors have recently modified their holdings of FSLY. First Trust Advisors LP boosted its stake in Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after buying an additional 3,524,763 shares during the period. Dimensional Fund Advisors LP increased its holdings in Fastly by 0.4% during 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 raised its holdings in shares of Fastly by 120.0% in 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 acquiring an additional 692,459 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Fastly by 90.7% in the 1st 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 stake in Fastly during the second quarter worth $8,696,000. 79.71% of the stock is owned by institutional investors.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.