Fastly (NASDAQ:FSLY) Director Christopher Paisley Sells 3,000 Shares

Key Points

• Fastly director Christopher Paisley sold 3,000 shares at an average price of $23, generating $69,000. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 1.06% to 280,485 shares.
• Fastly shares fell 1.6% to $20.43 during Wednesday trading. The company recently exceeded quarterly expectations, reporting $0.15 in adjusted EPS versus estimates of $0.07 and revenue of $183.32 million versus $173.94 million expected.
• Institutional investors own 79.71% of Fastly, while analysts maintain a consensus “Hold” rating with a $25.33 average price target; ratings include one Strong Buy, five Buys, six Holds, and one Sell.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) Director Christopher Paisley sold 3,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $23.00, for a total value of $69,000.00. Following the sale, the director owned 280,485 shares in the company, valued at $6,451,155. The trade was a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fastly Trading Down 1.6%

Shares of FSLY traded down $0.34 during midday trading on Wednesday, hitting $20.43. The stock had a trading volume of 3,559,849 shares, compared to its average volume of 9,424,428. The stock's 50 day moving average is $21.97 and its 200 day moving average is $22.04. The firm has a market cap of $3.25 billion, a PE ratio of -38.55 and a beta of 0.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a 1 year low of $7.05 and a 1 year high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share 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 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. As a group, analysts forecast that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Fastly

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock worth $172,825,000 after buying an additional 310,234 shares in the last quarter. Morgan Stanley raised its position in shares of Fastly by 14.7% in the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock worth $84,893,000 after acquiring an additional 1,071,222 shares during the period. First Trust Advisors LP boosted its stake in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock worth $204,349,000 after acquiring an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock worth $48,754,000 after acquiring an additional 4,623,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock valued at $35,380,000 after acquiring an additional 117,213 shares during the period. Hedge funds and other institutional investors own 79.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on FSLY shares. Canaccord Genuity Group initiated coverage on Fastly in a research note on Friday, July 17th. They issued a "buy" rating and a $27.00 price objective on the stock. Freedom Capital upgraded shares of Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. Royal Bank Of Canada increased their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Raymond James Financial reissued an "outperform" rating and issued a $29.00 price objective on shares of Fastly in a report on Thursday, August 6th. Finally, Evercore reissued an "outperform" rating on shares of Fastly in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.33.

Fastly Company Profile

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.

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