Richard Devon Daniels Sells 11,080 Shares of Fastly (NASDAQ:FSLY) Stock

Key Points

• Fastly director Richard Devon Daniels sold 11,080 shares at an average price of $22.90, generating $253,732. After the transaction, he retained 51,197 shares, a 17.79% reduction in his position.
• Fastly reported quarterly earnings of $0.15 per share and revenue of $183.32 million, exceeding analyst expectations of $0.07 per share and $173.94 million in revenue.
• Shares recently traded at $28.78, while analysts maintain a consensus “Hold” rating with an average price target of $25.33; institutional investors own approximately 79.71% of the company.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) Director Richard Devon Daniels sold 11,080 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $22.90, for a total value of $253,732.00. Following the sale, the director owned 51,197 shares in the company, valued at $1,172,411.30. The trade was a 17.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fastly Stock Performance

Shares of FSLY traded up $1.03 during mid-day trading on Tuesday, hitting $28.78. The stock had a trading volume of 7,702,741 shares, compared to its average volume of 9,925,029. The company has a market cap of $4.58 billion, a PE ratio of -54.30 and a beta of 0.34. The company's fifty day simple moving average is $19.81 and its two-hundred day simple moving average is $20.22. 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 fifty-two week low of $6.70 and a fifty-two week high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate 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. On average, equities analysts expect that Fastly, Inc. will post -0.45 earnings per share for the current year.

Analyst Ratings Changes

FSLY has been the topic of a number of research reports. Freedom Capital raised shares of Fastly to a "strong-buy" rating in a report on Thursday, July 16th. Craig Hallum lowered shares of Fastly from a "buy" rating to a "hold" rating and set a $24.00 price target for the company. in a report on Tuesday, April 14th. Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They set a "buy" rating and a $27.00 price objective for the company. KeyCorp increased their price objective on shares of Fastly from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Finally, Piper Sandler raised their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fastly presently has a consensus rating of "Hold" and a consensus target price of $25.33.

Hedge Funds Weigh In On Fastly

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock worth $40,000 after acquiring an additional 633 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Fastly in the 4th quarter worth about $41,000. Align Financial LLC acquired a new stake in shares of Fastly in the fourth quarter valued at approximately $41,000. Sound Income Strategies LLC acquired a new stake in shares of Fastly in the first quarter valued at approximately $44,000. Finally, Quarry LP bought a new stake in shares of Fastly during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 79.71% of the company's stock.

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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