Capelight Capital Asset Management LP Acquires 60,000 Shares of Fastly, Inc. $FSLY

Key Points

• Capelight Capital Asset Management acquired 60,000 Fastly shares worth approximately $1.54 million during the third quarter. Institutional investors and hedge funds collectively own 79.71% of Fastly.
• Fastly recently exceeded quarterly earnings expectations, reporting $0.15 in EPS versus the $0.07 consensus and revenue of $183.32 million versus estimates of $173.94 million. Analysts’ consensus rating remains “Hold,” with an average price target of $27.42.
• Fastly insiders have sold 1.30 million shares valued at roughly $34.9 million over the past 90 days, while the stock recently traded at $24.41 and remains unprofitable on a trailing basis.

Capelight Capital Asset Management LP acquired a new stake in Fastly, Inc. (NASDAQ:FSLY - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,000 shares of the company's stock, valued at approximately $1,540,000.

A number of other hedge funds have also recently made changes to their positions in FSLY. Signaturefd LLC increased its position in shares of Fastly by 98,700.0% during the third quarter. Signaturefd LLC now owns 988 shares of the company's stock worth $25,000 after acquiring an additional 987 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock valued at $40,000 after acquiring an additional 633 shares in the last quarter. IFP Advisors Inc boosted its stake in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock valued at $26,000 after purchasing an additional 1,346 shares during the last quarter. GAMMA Investing LLC boosted its stake in Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company's stock valued at $39,000 after purchasing an additional 419 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Fastly during the 1st quarter valued at about $44,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fastly news, CTO Artur Bergman sold 37,039 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $26.81, for a total value of $993,015.59. Following the transaction, the chief technology officer directly owned 1,061,278 shares in the company, valued at $28,452,863.18. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 9,016 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $23.08, for a total transaction of $208,089.28. Following the transaction, the chief executive officer directly owned 831,500 shares of the company's stock, valued at $19,191,020. This represents a 1.07% 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. Over the last 90 days, insiders have sold 1,303,861 shares of company stock valued at $34,911,221. Company insiders own 4.20% of the company's stock.

Fastly Price Performance

Shares of NASDAQ:FSLY opened at $24.41 on Monday. The company has a market capitalization of $3.89 billion, a PE ratio of -46.06 and a beta of 0.31. 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 business has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $22.33. Fastly, Inc. has a 1 year low of $7.87 and a 1 year high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last released its 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 company had revenue of $183.32 million for the quarter, compared to analysts' expectations of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Evercore reissued an "outperform" rating on shares of Fastly in a report on Wednesday, September 23rd. Weiss Ratings restated a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. Freedom Capital raised Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. KeyCorp reiterated an "overweight" rating and set a $30.00 price target on shares of Fastly in a report on Friday, September 18th. Finally, Canaccord Genuity Group initiated coverage on Fastly in a report on Friday, July 17th. They set a "buy" rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $27.42.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly's products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.

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