Fastly (NASDAQ:FSLY) Shares Climb 8.9% – Here’s Why

Fastly, Inc. (NASDAQ:FSLY)’s stock price rose 8.9% during mid-day trading on Wednesday. The stock traded as high as $24.14 and last traded at $24.0330. Approximately 2,437,721 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 9,042,179 shares. The stock had previously closed at $22.07.

Analyst Upgrades and Downgrades

FSLY has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. DA Davidson increased their target price on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. Piper Sandler upped their target price on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $25.00 price target on shares of Fastly in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.42.

Fastly Trading Up 8.0%

The business’s 50 day moving average is $24.71 and its 200-day moving average is $22.53. The firm has a market cap of $3.80 billion, a P/E ratio of -44.96 and a beta of 0.31. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In related news, CTO Artur Bergman sold 37,039 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $26.81, for a total transaction of $993,015.59. Following the completion of the sale, the chief technology officer directly owned 1,061,278 shares of the company’s stock, valued at $28,452,863.18. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 9,016 shares of the stock in a transaction on Monday, October 19th. The stock was sold at an average price of $23.08, for a total transaction of $208,089.28. Following the transaction, the chief executive officer owned 831,500 shares of the company’s stock, valued at $19,191,020. The trade was a 1.07% 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 90 days, insiders sold 1,303,861 shares of company stock worth $34,911,221. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Fastly

A number of large investors have recently added to or reduced their stakes in the stock. Range Financial Group LLC raised its holdings in Fastly by 15.4% during the 3rd quarter. Range Financial Group LLC now owns 88,747 shares of the company’s stock valued at $2,278,000 after acquiring an additional 11,814 shares during the period. Perpetual Ltd purchased a new stake in Fastly in the 3rd quarter worth approximately $240,000. GK Wealth Management LLC bought a new position in Fastly in the 3rd quarter worth $70,000. GAMMA Investing LLC boosted its position in Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after acquiring an additional 419 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Fastly in the 3rd quarter worth about $108,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.