Sigma Planning Corp Buys 30,233 Shares of Fastly, Inc. $FSLY

Sigma Planning Corp purchased a new position in Fastly, Inc. (NASDAQ:FSLY) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 30,233 shares of the company’s stock, valued at approximately $776,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Fastly by 98,700.0% during the third quarter. Signaturefd LLC now owns 988 shares of the company’s stock valued at $25,000 after buying an additional 987 shares during the last quarter. Sterling Capital Management LLC lifted its position in Fastly by 839.6% during the third quarter. Sterling Capital Management LLC now owns 5,055 shares of the company’s stock valued at $130,000 after acquiring an additional 4,517 shares during the last quarter. T3 Companies LLC acquired a new stake in Fastly in the third quarter valued at approximately $336,000. SBI Securities Co. Ltd. increased its position in shares of Fastly by 65.7% during the third quarter. SBI Securities Co. Ltd. now owns 30,309 shares of the company’s stock worth $778,000 after purchasing an additional 12,018 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of Fastly during the 3rd quarter valued at $86,000. Institutional investors own 79.71% of the company’s stock.

Insider Activity at Fastly

In related news, CTO Artur Bergman sold 37,039 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $25.48, for a total value of $943,753.72. Following the completion of the transaction, the chief technology officer directly owned 1,024,239 shares of the company’s stock, valued at approximately $26,097,609.72. This represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 8,941 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $24.98, for a total transaction of $223,346.18. Following the completion of the transaction, the chief executive officer directly owned 822,559 shares in the company, valued at approximately $20,547,523.82. This represents a 1.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,349,841 shares of company stock valued at $36,078,321 over the last quarter. 4.20% of the stock is owned by company insiders.

Fastly Price Performance

Shares of FSLY opened at $23.11 on Friday. The stock’s 50 day moving average is $24.46 and its two-hundred day moving average is $21.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a 12 month low of $7.87 and a 12 month high of $34.82.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. 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, sell-side analysts expect that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $25.00 price target on shares of Fastly in a report on Wednesday, September 23rd. Freedom Broker raised their price target on shares of Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Friday, October 9th. Evercore reiterated an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Finally, Bank of America lifted their target price on Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a report 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.42.

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.