Intech Investment Management LLC Sells 40,717 Shares of Fastly, Inc. $FSLY

Intech Investment Management LLC cut its holdings in shares of Fastly, Inc. (NYSE:FSLY) by 34.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,192 shares of the company’s stock after selling 40,717 shares during the quarter. Intech Investment Management LLC’s holdings in Fastly were worth $677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSLY. Byrne Asset Management LLC purchased a new position in shares of Fastly in the 3rd quarter worth about $43,000. Geneos Wealth Management Inc. purchased a new stake in Fastly during the first quarter worth about $52,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Fastly in the third quarter worth about $56,000. State of Alaska Department of Revenue bought a new stake in Fastly in the third quarter worth about $57,000. Finally, Acadian Asset Management LLC purchased a new position in Fastly in the first quarter valued at about $78,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

Fastly Stock Performance

Fastly stock opened at $22.74 on Wednesday. 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 $3.45 billion, a PE ratio of -23.69 and a beta of 0.88. The firm has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $10.65. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $23.12.

Insider Transactions at Fastly

In related news, insider Scott R. Lovett sold 73,715 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $21.06, for a total transaction of $1,552,437.90. Following the transaction, the insider directly owned 1,580,513 shares in the company, valued at $33,285,603.78. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Lacey Compton III sold 73,206 shares of Fastly stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $20.94, for a total value of $1,532,933.64. Following the completion of the transaction, the chief executive officer directly owned 875,831 shares in the company, valued at $18,339,901.14. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,393,702 shares of company stock worth $23,034,502. Company insiders own 6.70% of the company’s stock.

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. Piper Sandler reissued a “neutral” rating and set a $14.00 price objective (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Royal Bank Of Canada raised their target price on Fastly from $12.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. DA Davidson set a $13.00 target price on Fastly in a research note on Thursday, February 12th. Finally, Citigroup upped their price target on Fastly from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.14.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital raised Fastly’s price target to $20 (from $12) while keeping a “Sector Perform” rating, citing improved execution and potential for multiple expansion after meetings with management. This analyst action supports the recent buying interest. Read More.
• Positive Sentiment: Momentum from the company’s February earnings has driven a sharp rally — Benzinga reports FSLY is up roughly 145% over the past month as traders chase the stronger results and hopeful outlook. This explains elevated volume and bullish positioning. Read More.
• Neutral Sentiment: Institutions still hold a large share (~79.7%) and some funds modestly increased stakes in recent quarters; that can stabilize trading but also concentrate supply/demand. Read More.
• Negative Sentiment: Significant insider selling from top executives: CTO Artur Bergman sold 31,079 shares (avg. $20.69, ~$643k) and CEO Charles Lacey Compton III sold 36,694 shares (avg. $20.69, ~$759k) in transactions filed with the SEC. Repeated sizable insider sales can act as a psychological cap on the stock and prompt short-term profit‑taking. Read More. Read More.

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.