Scott Lovett Sells 14,936 Shares of Fastly (NASDAQ:FSLY) Stock

Key Points

• Fastly insider Scott Lovett sold 14,936 shares at an average price of $28.60, generating $427,169.60. His remaining stake totaled 1,377,842 shares, valued at approximately $39.4 million.
• Fastly shares fell 4.0% to $22.71, despite the company recently exceeding quarterly earnings and revenue expectations with EPS of $0.15 and revenue of $183.32 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $25.33; institutional investors own approximately 79.71% of the stock.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) insider Scott Lovett sold 14,936 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total transaction of $427,169.60. Following the sale, the insider owned 1,377,842 shares of the company's stock, valued at $39,406,281.20. This trade represents a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Fastly Stock Down 4.0%

Shares of Fastly stock traded down $0.95 during trading hours on Thursday, reaching $22.71. The company's stock had a trading volume of 5,761,319 shares, compared to its average volume of 9,739,349. Fastly, Inc. has a one year low of $7.01 and a one year high of $34.82. The company has a market capitalization of $3.62 billion, a P/E ratio of -42.85 and a beta of 0.34. The stock's fifty day simple moving average is $21.01 and its two-hundred day simple moving average is $21.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36.

Fastly (NASDAQ:FSLY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million during the quarter, compared to the consensus estimate 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, research analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Evercore reissued an "outperform" rating on shares of Fastly in a report on Thursday, August 6th. Citigroup raised their target price on Fastly from $13.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Freedom Capital raised Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. Royal Bank Of Canada increased their price target on Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Fastly in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Fastly has an average rating of "Hold" and an average price target of $25.33.

Institutional Trading of Fastly

Institutional investors and hedge funds have recently modified their holdings of the business. Amundi lifted its holdings in Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company's stock worth $277,000 after acquiring an additional 4,724 shares during the period. AQR Capital Management LLC bought a new position in Fastly in the 1st quarter valued at $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Fastly by 1.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company's stock valued at $2,950,000 after purchasing an additional 6,247 shares during the period. Jones Financial Companies Lllp increased its position in shares of Fastly by 963.6% during the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company's stock valued at $385,000 after purchasing an additional 55,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Fastly by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company's stock valued at $14,573,000 after purchasing an additional 165,937 shares during the last quarter. 79.71% of the stock is owned by hedge funds and other institutional investors.

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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