Jeffrey Ford Sells 45,832 Shares of Fastly (NASDAQ:FSLY) Stock

Key Points

• Fastly insider Jeffrey Ford sold 45,832 shares at an average price of $24.65, generating approximately $1.13 million. The Rule 10b5-1 transaction reduced his ownership by 15.5%, leaving him with 249,861 shares.
• Fastly shares recently rose 14.9% to $27.42, while the company’s latest quarterly results exceeded expectations, with $0.15 in adjusted EPS and $183.32 million in revenue.
• Institutional investors and hedge funds own 79.71% of Fastly, but analyst sentiment remains mixed: the stock carries a consensus “Hold” rating and an average price target of $25.33.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) insider Jeffrey Ford sold 45,832 shares of the firm's stock in a transaction dated Thursday, September 17th. The stock was 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 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeffrey Ford also recently made the following trade(s):

• On Wednesday, September 16th, Jeffrey Ford sold 37,091 shares of Fastly stock. The shares were sold at an average price of $23.84, for a total transaction of $884,249.44.

Fastly Stock Up 14.9%

Shares of NASDAQ FSLY traded up $3.56 on Monday, hitting $27.42. The company had a trading volume of 9,780,145 shares, compared to its average volume of 9,215,616. Fastly, Inc. has a 12-month low of $7.74 and a 12-month high of $34.82. The business has a 50 day moving average of $23.10 and a two-hundred day moving average of $22.45. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $4.37 billion, a P/E ratio of -51.74 and a beta of 0.36.

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

Hedge Funds Weigh In On Fastly

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in Fastly by 120.0% during the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company's stock worth $36,888,000 after buying an additional 692,459 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in shares of Fastly during the 1st quarter valued at approximately $1,951,000. Range Financial Group LLC bought a new position in Fastly during the first quarter worth $1,667,000. Castleark Management LLC acquired a new position in Fastly in the first quarter worth $5,164,000. Finally, Wellington Management Group LLP bought a new stake in Fastly during the second quarter valued at $8,696,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on FSLY shares. Piper Sandler boosted their price target on Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Raymond James Financial restated an "outperform" rating and set a $29.00 price objective on shares of Fastly in a research note on Thursday, August 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. KeyCorp reaffirmed an "overweight" rating and issued a $30.00 target price on shares of Fastly in a research report on Friday. Finally, Freedom Capital upgraded Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.33.

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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