Fastly, Inc. $FSLY Shares Newly Acquired by D.A. Davidson & CO.

Key Points

• D.A. Davidson initiated a position in Fastly, buying 54,067 shares worth about $1.39 million in the third quarter. Institutional investors and hedge funds now own 79.71% of the stock.
• Fastly’s third-quarter revenue of $190.2 million and adjusted EPS of $0.17 both beat analyst estimates. Its fourth-quarter revenue outlook also topped consensus, though shares reportedly fell sharply after the results.
• Analysts’ consensus rating is Hold, with an average price target of $27.42. Insiders have sold about 1.33 million shares worth $35.7 million over the past quarter.

D.A. Davidson & CO. bought a new stake in Fastly, Inc. (NASDAQ:FSLY - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 54,067 shares of the company's stock, valued at approximately $1,388,000.

Several other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in shares of 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 purchasing an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $79,620,000 after buying an additional 11,022 shares in the last quarter. Bank of America Corp DE increased its position in shares of Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company's stock valued at $36,888,000 after buying an additional 692,459 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Fastly during the 2nd quarter worth $8,696,000. Finally, Swiss National Bank raised its stake in Fastly by 1.8% during the 1st quarter. Swiss National Bank now owns 280,900 shares of the company's stock worth $8,163,000 after buying an additional 4,900 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported Q3 revenue of $190.2 million, up 20.2% year over year and above the $187.8 million FactSet estimate. Non-GAAP EPS was $0.17, ahead of the $0.12 consensus. Fastly beats Q3 sales expectations
• Positive Sentiment: Q4 revenue guidance of $198 million to $202 million implies a $200 million midpoint, about 1.5% above analysts’ consensus—supporting the outlook for continued growth. Fastly Q4 revenue outlook
• Neutral Sentiment: President of Go To Market Scott Lovett plans to retire in 2027. Fastly has begun searching for a Chief Revenue Officer; the transition could create uncertainty, though the departure is not immediate. Fastly leadership transition announcement
• Negative Sentiment: Despite the earnings and guidance beats, reports said FSLY fell sharply after results. The selloff indicates investors were focused on concerns beyond the headline numbers; the available reports do not identify a single definitive reason. Fastly earnings, guidance and share reaction

Insider Activity

In related news, insider Scott R. Lovett sold 41,815 shares of the firm's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $24.64, for a total value of $1,030,321.60. Following the completion of the transaction, the insider owned 1,281,583 shares of the company's stock, valued at approximately $31,578,205.12. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 379,602 shares of Fastly stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $30.16, for a total transaction of $11,448,796.32. Following the completion of the sale, the chief technology officer owned 1,138,358 shares in the company, valued at $34,332,877.28. The trade was a 25.01% decrease in their ownership of the stock. 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 quarter, insiders have sold 1,334,973 shares of company stock worth $35,706,621. 4.20% of the stock is currently owned by insiders.

Fastly Stock Down 0.2%

FSLY stock opened at $21.03 on Thursday. 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 stock has a market capitalization of $3.35 billion, a P/E ratio of -39.68 and a beta of 0.22. The business has a 50-day moving average of $24.30 and a 200-day moving average of $21.45. Fastly, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. The business had revenue of $190.19 million for the quarter, compared to analyst estimates of $187.82 million. On average, sell-side analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on FSLY. Evercore reiterated an "outperform" rating on shares of Fastly in a report on Wednesday, September 23rd. DA Davidson increased their target price on Fastly from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 23rd. Bank of America increased their target price on Fastly from $20.00 to $22.00 and gave the stock an "underperform" rating in a research note on Wednesday, September 23rd. Weiss Ratings restated a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Fastly in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.42.

About Fastly

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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