112,646 Fastly, Inc. $FSLY Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Fastly stake by 84% in the second quarter, selling 112,646 shares and retaining 21,510 shares worth approximately $395,000. Institutional investors own 79.71% of Fastly’s stock.
• Fastly exceeded quarterly expectations, reporting $183.3 million in revenue and $0.15 adjusted EPS versus estimates of $173.94 million and $0.07, respectively. The company guided for fiscal 2026 EPS of $0.50 to $0.54.
• Insiders sold 826,730 shares worth about $21.0 million over the past 90 days under pre-arranged Rule 10b5-1 plans. Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and a $26.73 target price.

Engineers Gate Manager LP trimmed its position in shares of Fastly, Inc. (NASDAQ:FSLY - Free Report) by 84.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,510 shares of the company's stock after selling 112,646 shares during the period. Engineers Gate Manager LP's holdings in Fastly were worth $395,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Fastly during the 2nd quarter worth $48,000. IFP Advisors Inc boosted its stake in Fastly by 1,621.7% in the second quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock valued at $26,000 after buying an additional 1,346 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Fastly in the second quarter valued at about $340,000. Nykredit A S bought a new position in Fastly in the second quarter valued at about $77,000. Finally, AlphaGrep UK Ltd bought a new position in Fastly in the second quarter valued at about $366,000. 79.71% of the stock is owned by institutional investors.

Fastly Stock Down 10.0%

NASDAQ:FSLY opened at $26.68 on Friday. Fastly, Inc. has a one year low of $7.74 and a one year high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The company has a market cap of $4.25 billion, a PE ratio of -50.34 and a beta of 0.36. The firm's 50 day simple moving average is $23.67 and its 200 day simple moving average is $22.65.

Fastly (NASDAQ:FSLY - Get Free Report) last released its quarterly 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 return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million for the quarter, compared to analyst estimates 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. On average, research analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current year.

Insiders Place Their Bets

In other Fastly news, insider Scott Lovett sold 41,815 shares of Fastly stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $24.64, for a total value of $1,030,321.60. Following the completion of the sale, the insider directly owned 1,281,583 shares in the company, valued at approximately $31,578,205.12. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Ford sold 45,832 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 249,861 shares in the company, valued at approximately $6,159,073.65. This trade represents a 15.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 826,730 shares of company stock valued at $20,967,633. 4.20% of the stock is currently owned by insiders.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s Investor Day highlighted a broader edge-cloud strategy, including its new AI Firewall, AI Runtime Control and API Security products. These offerings could expand the company’s addressable market as demand for AI applications and agentic traffic grows. Fastly AI Firewall article
• Positive Sentiment: Fastly set long-term revenue growth goals of approximately 14% to 21% annually through 2029 and emphasized improving margins and operating leverage. Its latest quarter also exceeded expectations, with $183.3 million in revenue and $0.15 in adjusted EPS, while fiscal 2026 EPS guidance is $0.50 to $0.54.
• Positive Sentiment: Freedom Broker raised its price target to $37 from $32 and maintained a buy rating, reflecting optimism about Fastly’s security, edge-compute and AI opportunities.
• Neutral Sentiment: Analyst opinion remains mixed. DA Davidson raised its target to $23 but kept a neutral rating, while BofA said Fastly’s platform expansion is promising but cautioned that the AI opportunity remains uncertain. Citi analyst Fatima Boolani also remained neutral, questioning whether recent AI-related enthusiasm is sustainable.
• Neutral Sentiment: Options activity was unusually high, including elevated call buying, indicating substantial speculative interest but also the potential for heightened volatility. Broader technology stocks were pressured by rising Treasury yields and an Oracle selloff.
• Negative Sentiment: Investors appear to be locking in gains after Fastly’s sharp recent advance. The stock had already risen substantially this year, leaving it vulnerable to profit-taking when management’s long-term targets failed to provide an immediate earnings catalyst.
• Negative Sentiment: CTO Artur Bergman sold 27,900 shares for approximately $776,000, following an earlier sale of 49,146 shares. The transactions were executed under a pre-arranged Rule 10b5-1 plan, limiting their significance, but repeated insider selling may still weigh on sentiment. Fastly insider sales article

Wall Street Analyst Weigh In

FSLY has been the subject of a number of research reports. Freedom Capital raised shares of Fastly to a "strong-buy" rating in a report on Thursday, July 16th. Piper Sandler lifted their price target on shares of Fastly from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Freedom Broker upped their price objective on shares of Fastly from $32.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday. Evercore reissued an "outperform" rating on shares of Fastly in a research note on Wednesday. Finally, Canaccord Genuity Group initiated coverage on shares of Fastly in a research report on Friday, July 17th. They issued a "buy" rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $26.73.

Fastly Company Profile

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.

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