California State Teachers Retirement System Has $4.78 Million Stock Holdings in Fastly, Inc. $FSLY

California State Teachers Retirement System increased its stake in shares of Fastly, Inc. (NYSE:FSLY) by 24.2% in the first quarter, Holdings Channel reports. The firm owned 164,446 shares of the company’s stock after buying an additional 31,994 shares during the quarter. California State Teachers Retirement System’s holdings in Fastly were worth $4,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in shares of Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the period. Sound Income Strategies LLC bought a new position in shares of Fastly during the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Fastly during the 4th quarter valued at about $41,000. Align Financial LLC bought a new stake in Fastly during the 4th quarter worth approximately $41,000. Finally, KBC Group NV bought a new stake in Fastly during the 1st quarter worth approximately $127,000. Institutional investors own 79.71% of the company’s stock.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record second-quarter revenue of $183.3 million, up 23% year over year. Non-GAAP earnings of $0.15 per share more than doubled the $0.07 consensus estimate, while security revenue surged 43% on demand related to AI traffic protection. Gross margin also reached a record 65.8%. Fastly Q2 Earnings Beat as Security Growth Spurs 2026 Outlook Hike
• Positive Sentiment: The edge-cloud company raised its 2026 outlook, including adjusted earnings guidance of $0.50 to $0.54 per share. Third-quarter revenue guidance of $184 million to $190 million and adjusted EPS guidance of $0.11 to $0.13 also exceeded expectations, supporting the view that Fastly’s improved profitability and security growth are continuing. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts responded by raising price targets: KeyBanc lifted its target from $27 to $30 while maintaining an overweight rating, and RBC increased its target from $22 to $28 with a sector-perform rating. The revisions reinforce expectations for further execution in security and AI-related traffic services.
• Neutral Sentiment: Fastly’s results highlighted strong security and AI-driven demand, but customer concentration remains a risk. A small number of large customers could make revenue growth more volatile if spending patterns change.
• Negative Sentiment: Despite the earnings beat and higher outlook, the stock initially declined after the report, suggesting investors may have expected an even stronger result. Following a substantial prior-year rally, valuation appears demanding and leaves less room for execution or guidance disappointments. Fastly Stock Looks Overvalued Despite a Strong Return
• Negative Sentiment: CEO Charles Lacey Compton III sold 14,868 shares for approximately $371,700, reducing his direct ownership by 1.42%. The sale was made under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it may still create modest short-term selling pressure. Fastly CEO Insider Sale

Insider Transactions at Fastly

In related news, CEO Charles Lacey Compton III sold 34,334 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $16.85, for a total value of $578,527.90. Following the sale, the chief executive officer directly owned 1,099,561 shares of the company’s stock, valued at $18,527,602.85. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott R. Lovett sold 41,716 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total value of $741,293.32. Following the transaction, the insider directly owned 1,392,778 shares of the company’s stock, valued at approximately $24,749,665.06. The trade was a 2.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 289,397 shares of company stock valued at $5,133,480. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. Raymond James Financial reissued an “outperform” rating and issued a $29.00 target price on shares of Fastly in a research report on Thursday. Royal Bank Of Canada increased their target price on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday. Piper Sandler raised their target price on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fastly presently has an average rating of “Hold” and a consensus price target of $25.33.

Fastly Stock Up 1.2%

Fastly stock opened at $22.96 on Friday. Fastly, Inc. has a twelve month low of $6.70 and a twelve month high of $34.82. The company’s 50-day moving average price is $19.64 and its two-hundred day moving average price is $20.01. 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 stock has a market cap of $3.59 billion, a P/E ratio of -23.92 and a beta of 0.34.

About Fastly

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.