Fastly (NYSE:FSLY) Trading 4.7% Higher – Should You Buy?

Fastly, Inc. (NYSE:FSLY) traded up 4.7% during mid-day trading on Wednesday . The company traded as high as $25.09 and last traded at $25.3220. 1,145,617 shares traded hands during trading, a decline of 90% from the average session volume of 11,116,827 shares. The stock had previously closed at $24.18.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Company-level catalysts: Fastly’s Q4 strength and the recent debt maturity were cited as drivers behind the rally, supporting a cleaner balance sheet and better near‑term fundamentals. Blockonomi article
• Positive Sentiment: New commercial wins: A partnership with a Dublin‑based data platform to deliver real‑time, cost‑sensitive solutions was reported as a growth catalyst that helped push shares to multi‑year highs. Yahoo Finance article
• Positive Sentiment: Momentum and price action: Coverage highlights a large multi‑month/12‑month rally (reported as a major comeback), which has attracted investor interest and momentum flows. 247WallStreet article
• Neutral Sentiment: Press attention: Major outlets are flagging both upside (beats, partnerships) and risks (insider sales), producing mixed headlines that can amplify intraday volatility without changing fundamentals immediately. MSN article
• Negative Sentiment: Insider selling: CFO/insider Scott R. Lovett filed sales totaling tens of thousands of shares across March 17–18 (two Form 4 filings), which commentators and retail investors are flagging as a negative signal. SEC Form 4
• Negative Sentiment: Market caution: Several articles call out that insiders have been selling during the run higher, which can create investor wariness and contributed to profit‑taking pressure after the recent spike. 247WallStreet article

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSLY. Citigroup boosted their price objective on shares of Fastly from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. DA Davidson set a $13.00 price target on Fastly in a report on Thursday, February 12th. Royal Bank Of Canada boosted their price target on Fastly from $12.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Finally, KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.14.

Fastly Stock Down 1.6%

The stock has a market capitalization of $4.02 billion, a PE ratio of -27.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The business’s fifty day moving average price is $15.11 and its two-hundred day moving average price is $11.44.

Insider Buying and Selling at Fastly

In related news, CEO Charles Lacey Compton III sold 36,694 shares of Fastly stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $20.69, for a total transaction of $759,198.86. Following the completion of the sale, the chief executive officer owned 1,212,778 shares of the company’s stock, valued at $25,092,376.82. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Artur Bergman sold 265,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $22.79, for a total value of $6,039,350.00. Following the completion of the sale, the chief technology officer owned 1,604,901 shares in the company, valued at approximately $36,575,693.79. This represents a 14.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,618,702 shares of company stock worth $30,182,155. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fastly

A number of institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Fastly in the 4th quarter valued at $41,000. Align Financial LLC acquired a new stake in shares of Fastly in the fourth quarter worth $41,000. Byrne Asset Management LLC purchased a new position in shares of Fastly during the third quarter worth $43,000. Quarry LP purchased a new position in shares of Fastly during the third quarter worth $49,000. Finally, Geneos Wealth Management Inc. acquired a new position in Fastly during the first quarter valued at $52,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

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.