Fastly (NASDAQ:FSLY) Insider Scott Lovett Sells 14,936 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) insider Scott Lovett sold 14,936 shares of Fastly stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total value of $427,169.60. Following the sale, the insider directly owned 1,377,842 shares in the company, valued at $39,406,281.20. The trade was a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Fastly Trading Down 4.0%

Shares of FSLY stock opened at $22.71 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a fifty day moving average of $21.09 and a 200-day moving average of $21.23. Fastly, Inc. has a 52-week low of $7.01 and a 52-week high of $34.82. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of -42.85 and a beta of 0.34.

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

Institutional Trading of Fastly

Several hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its holdings in Fastly by 2,795.2% in 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 purchasing an additional 4,623,767 shares during the period. First Trust Advisors LP raised its holdings 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 worth $204,349,000 after buying an additional 3,524,763 shares in the last quarter. Balyasny Asset Management L.P. lifted its position 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 worth $9,383,000 after buying an additional 1,296,119 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of Fastly during the 4th quarter worth $11,657,000. Finally, Morgan Stanley boosted its stake in Fastly by 14.7% in the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after buying an additional 1,071,222 shares in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s edge-cloud platform remains positioned to benefit from long-term growth in artificial intelligence and cloud-computing demand. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.15 in EPS versus the $0.07 consensus estimate and $183.32 million in revenue versus expectations of $173.94 million. Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
• Neutral Sentiment: Fastly CTO Artur Bergman sold 64,074 shares for approximately $1.71 million across August 18–19, while CEO Charles Lacey Compton III sold 45,750 shares for roughly $1.26 million. Both executives’ transactions were executed under pre-arranged Rule 10b5-1 trading plans, which reduces their value as a discretionary signal about management’s outlook. CTO SEC Form 4 Filing CEO SEC Form 4 Filing
• Negative Sentiment: Investor concerns about competitive pressure from AI weighed on software stocks after a report said Anthropic’s anticipated IPO could rival or exceed SpaceX’s record debut. The news appears to have intensified worries that major AI companies could capture spending and attention that might otherwise benefit infrastructure providers such as Fastly. Why Fastly Shares Are Falling Today
• Negative Sentiment: CFO Richard Wong sold 148,015 shares valued at approximately $4.23 million, reducing his direct ownership by 11.94%. Another insider, Scott R. Lovett, sold 14,936 shares for about $427,000. Combined with the CEO and CTO transactions, the roughly $7.8 million of recent insider selling may weigh on sentiment, even though some sales were conducted under 10b5-1 plans. Fastly Insider Selling Alert

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank Of Canada increased their price target on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Citigroup upped their target price on shares of Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Canaccord Genuity Group began coverage on Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.33.

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.