Fastly (NYSE:FSLY) Insider Scott Lovett Sells 42,118 Shares

by · The Cerbat Gem

Fastly, Inc. (NYSE:FSLY – Get Free Report) insider Scott Lovett sold 42,118 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total value of $425,391.80. Following the sale, the insider directly owned 1,002,137 shares in the company, valued at $10,121,583.70. This trade represents a 4.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Fastly Stock Performance

Shares of FSLY opened at $10.25 on Friday. The stock has a 50 day moving average price of $9.99 and a 200 day moving average price of $8.34. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -10.68 and a beta of 0.97. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $12.59.

Fastly (NYSE:FSLY – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $158.22 million for the quarter, compared to analysts’ expectations of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Research analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FSLY has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citigroup boosted their target price on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. DA Davidson upped their target price on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada lifted their price target on Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Finally, Oppenheimer initiated coverage on Fastly in a research note on Monday, November 17th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.64.

View Our Latest Analysis on FSLY

Institutional Investors Weigh In On Fastly

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new position in Fastly during the 3rd quarter worth approximately $61,864,000. Divisadero Street Capital Management LP purchased a new stake in shares of Fastly in the third quarter valued at approximately $21,174,000. Marshall Wace LLP boosted its stake in shares of Fastly by 115.2% in the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock valued at $23,899,000 after buying an additional 1,811,935 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Fastly by 3,941.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after acquiring an additional 1,296,119 shares during the period. Finally, Algert Global LLC grew its holdings in Fastly by 288.8% during the third quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock worth $13,011,000 after acquiring an additional 1,130,293 shares during the period. 79.71% of the stock is owned by institutional investors and hedge funds.

Fastly Company Profile

(Get Free Report)

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.

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