Scott Lovett Sells 19,624 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) insider Scott Lovett sold 19,624 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $23.00, for a total transaction of $451,352.00. Following the completion of the sale, the insider directly owned 1,358,218 shares of the company’s stock, valued at $31,239,014. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Fastly Trading Up 3.4%

NASDAQ:FSLY opened at $21.12 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 market cap of $3.36 billion, a price-to-earnings ratio of -39.85 and a beta of 0.36. Fastly, Inc. has a 52 week low of $7.05 and a 52 week high of $34.82. The firm has a 50-day moving average price of $22.15 and a two-hundred day moving average price of $22.09.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million for the quarter, compared to the consensus estimate 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. On average, equities analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in shares of Fastly by 84.6% in 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Fastly during the fourth quarter worth $41,000. Align Financial LLC purchased a new position in shares of Fastly in the fourth quarter valued at $41,000. Sound Income Strategies LLC bought a new stake in shares of Fastly during the 1st quarter valued at $44,000. Finally, Quarry LP purchased a new stake in Fastly during the 3rd quarter worth about $49,000. 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’s record second-quarter results support the view that its edge-cloud platform may be reaching an inflection point. Revenue of $183.3 million exceeded expectations of $173.9 million, while adjusted EPS of $0.15 more than doubled the $0.07 consensus estimate. The company also maintained fiscal 2026 EPS guidance of $0.50-$0.54 and third-quarter guidance of $0.11-$0.13. Fastly: Record Q2 Confirms The Platform Inflection
• Neutral Sentiment: Fastly was included on a list of stocks with short-squeeze potential. Elevated short interest could amplify a rally if bullish momentum returns, but this is a speculative trading factor rather than a change in the company’s fundamentals. 15 Stocks to Watch With Short Squeeze Potential
• Neutral Sentiment: Analyst views remain mixed. Recent price targets generally range from $25 to $28, above recent trading levels, but the consensus rating remains “Hold,” limiting the strength of the bullish signal.
• Negative Sentiment: Fastly insiders reported roughly 99,456 shares of sales worth approximately $2.2 million. The transactions included sales by CEO Charles Lacey Compton III, CTO Artur Bergman, director Christopher Paisley and insider Scott R. Lovett. Most sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their value as a discretionary bearish signal, though the concentration of selling may still pressure the stock. Fastly Insider Buying and Selling Alert

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FSLY shares. KeyCorp upped their price objective on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Raymond James Financial restated an “outperform” rating and set a $29.00 price target on shares of Fastly in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fastly has a consensus rating of “Hold” and an average target price of $25.33.

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.