Fastly (NYSE:FSLY) Director Christopher Paisley Sells 1,000 Shares

Fastly, Inc. (NYSE:FSLY) Director Christopher Paisley sold 1,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.96, for a total transaction of $16,960.00. Following the sale, the director directly owned 5,227 shares of the company’s stock, valued at approximately $88,649.92. This trade represents a 16.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fastly Stock Up 8.9%

FSLY opened at $20.77 on Wednesday. The firm has a 50 day moving average price of $23.99 and a 200 day moving average price of $16.95. The company has a market cap of $3.25 billion, a PE ratio of -21.64 and a beta of 0.49. Fastly, Inc. has a 1 year low of $6.29 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp increased their price objective on shares of Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Craig Hallum downgraded shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Tuesday, April 14th. Piper Sandler lowered their price objective on shares of Fastly to $27.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Raymond James Financial raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Friday, May 8th. Finally, DA Davidson set a $13.00 price objective on shares of Fastly in a research report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fastly currently has an average rating of “Hold” and an average target price of $22.63.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s recent commentary has highlighted stronger security growth, a raised 2026 revenue outlook, and new AI-focused developer tools, which are helping the market view the company as a beneficiary of edge-computing and AI infrastructure spending. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: Multiple Wall Street firms have recently set price targets above the current trading range, including KeyBanc and Piper Sandler at $27, which suggests analysts still see upside in the name. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: Fastly’s large share-price run over the past year has kept momentum investors engaged, and a recent conference presentation likely helped keep attention on the story. Fastly, Inc. (FSLY) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: A new article questioned whether Fastly is still attractive after its sharp one-year rally, reflecting a valuation debate rather than a clear operating update. Is It Too Late To Reassess Fastly (FSLY) After Its 169% One Year Surge?
• Negative Sentiment: Recent insider sales by the CEO, CTO, president, and a director may create some caution, even though some of the trades were pre-planned. MarketBeat FSLY insider trading coverage
• Negative Sentiment: Older coverage also noted that Fastly’s record first-quarter results did not fully ease growth concerns, reminding investors that the company still faces skepticism about the durability of its expansion. Stock Market Today, May 7: Fastly Shares Plunge After Record Q1 Results Fail to Ease Growth Concerns

Institutional Trading of Fastly

Several large investors have recently bought and sold shares of FSLY. Penserra Capital Management LLC acquired a new stake in Fastly in the third quarter valued at approximately $61,864,000. Alyeska Investment Group L.P. boosted its stake in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock valued at $48,754,000 after buying an additional 4,623,767 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after buying an additional 3,524,763 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in shares of Fastly during the 3rd quarter valued at approximately $21,174,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Fastly by 3,941.1% during the 2nd 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. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.