Fastly (NYSE:FSLY) Shares Gap Up – Here’s What Happened

by · The Cerbat Gem

Fastly, Inc. (NYSE:FSLY – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $10.08, but opened at $10.74. Fastly shares last traded at $10.6010, with a volume of 459,512 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FSLY shares. DA Davidson raised their price objective on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Royal Bank Of Canada lifted their target price on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Piper Sandler upped their price target on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Citigroup lifted their price target on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.64.

View Our Latest Report on Fastly

Fastly Price Performance

The company’s 50-day moving average is $9.85 and its two-hundred day moving average is $8.28. The firm has a market cap of $1.58 billion, a P/E ratio of -11.03 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.

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

Insider Transactions at Fastly

In other Fastly news, insider Scott R. Lovett sold 9,779 shares of Fastly stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $10.23, for a total transaction of $100,039.17. Following the transaction, the insider owned 1,078,772 shares of the company’s stock, valued at $11,035,837.56. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Artur Bergman sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $10.66, for a total transaction of $426,400.00. Following the sale, the chief technology officer owned 2,850,579 shares of the company’s stock, valued at approximately $30,387,172.14. The trade was a 1.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 746,943 shares of company stock worth $7,570,609 over the last three months. 6.70% of the stock is owned by company insiders.

Institutional Trading of Fastly

A number of institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new stake in shares of Fastly in the 3rd quarter valued at about $61,864,000. Divisadero Street Capital Management LP purchased a new position in Fastly in the 3rd quarter worth $21,174,000. Marshall Wace LLP lifted its stake in Fastly by 115.2% in the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after purchasing an additional 1,811,935 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of 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 valued at $9,383,000 after buying an additional 1,296,119 shares during the last quarter. Finally, Algert Global LLC increased its stake in shares of Fastly by 288.8% in the third quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock worth $13,011,000 after buying an additional 1,130,293 shares during the period. Hedge funds and other institutional investors own 79.71% of the company’s stock.

About Fastly

(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.

Featured Articles