Jeffrey Ford Sells 37,091 Shares of Fastly (NASDAQ:FSLY) Stock

Key Points

• Fastly insider Jeffrey Ford sold 37,091 shares at an average price of $23.84, generating approximately $884,249. After the transaction, Ford retained 295,693 shares, an 11.15% reduction in ownership.
• Fastly shares fell 2.9% to $23.86 during Friday trading, with the company valued at approximately $3.80 billion. The stock remains unprofitable, with a negative price-to-earnings ratio and net margin.
• Fastly’s latest quarterly results exceeded expectations, with earnings of $0.15 per share versus the $0.07 consensus estimate and revenue of $183.32 million. Analysts maintain a consensus “Hold” rating with an average price target of $25.33.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) insider Jeffrey Ford sold 37,091 shares of the firm's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $23.84, for a total value of $884,249.44. Following the completion of the transaction, the insider owned 295,693 shares in the company, valued at approximately $7,049,321.12. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Fastly Trading Down 2.9%

Shares of NASDAQ FSLY traded down $0.71 during midday trading on Friday, hitting $23.86. The stock had a trading volume of 7,837,230 shares, compared to its average volume of 9,212,496. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 1-year low of $7.74 and a 1-year high of $34.82. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of -45.02 and a beta of 0.36. The company has a fifty day moving average price of $23.02 and a 200 day moving average price of $22.43.

Fastly (NASDAQ:FSLY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The firm 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. On average, analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On Fastly

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company's stock worth $64,000 after buying an additional 627 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock valued at $40,000 after buying an additional 633 shares in the last quarter. IFP Advisors Inc grew its holdings in Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock worth $26,000 after acquiring an additional 1,346 shares during the period. Sound Income Strategies LLC acquired a new position in Fastly during the first quarter worth about $44,000. Finally, Amundi raised its position in Fastly by 4.6% in the first quarter. Amundi now owns 48,441 shares of the company's stock worth $1,408,000 after acquiring an additional 2,129 shares in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fastly in a research report on Friday, August 7th. KeyCorp restated an "overweight" rating and set a $30.00 price objective on shares of Fastly in a research note on Friday. Royal Bank Of Canada upped their target price on Fastly from $22.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Raymond James Financial reiterated an "outperform" rating and issued a $29.00 target price on shares of Fastly in a research note on Thursday, August 6th. Finally, Evercore reiterated an "outperform" rating on shares of Fastly in a 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.33.

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.

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