Fastly (NYSE:FSLY) Hits New 52-Week High Following Analyst Upgrade

Fastly, Inc. (NYSE:FSLY) shares reached a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from $12.00 to $20.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Fastly traded as high as $20.63 and last traded at $20.4480, with a volume of 10760277 shares changing hands. The stock had previously closed at $19.12.

Several other equities analysts have also weighed in on FSLY. Oppenheimer began coverage on shares of Fastly in a research report on Monday, November 17th. They issued a “market perform” rating on the stock. Citigroup increased their price target on shares of Fastly from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, February 13th. William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a report on Thursday, February 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $14.00 target price (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. Finally, KeyCorp raised Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fastly has an average rating of “Hold” and a consensus target price of $13.14.

Insider Activity at Fastly

In related news, CTO Artur Bergman sold 200,847 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $18.42, for a total value of $3,699,601.74. Following the completion of the sale, the chief technology officer directly owned 2,299,711 shares in the company, valued at approximately $42,360,676.62. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott R. Lovett sold 42,118 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $10.10, for a total value of $425,391.80. Following the transaction, the insider owned 1,002,137 shares in the company, valued at approximately $10,121,583.70. This trade represents a 4.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 919,242 shares of company stock worth $12,797,852 over the last ninety days. Insiders own 6.70% of the company’s stock.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital raised its price target to $20 (from $12) after investor meetings, citing improving execution; the firm kept a “sector perform” rating — this boost in analyst confidence helped lift buyer sentiment even though the rating remains cautious. Read More.
• Positive Sentiment: Unusual options activity — roughly 22,122 call options were purchased (about 82% above average). Heavy call buying signals bullish positioning and can amplify short‑term upside or volatility as traders roll/hedge those positions. Read More.
• Neutral Sentiment: Analyst coverage is increasing (roundups and individual reports from multiple firms). More research lifts visibility and trading volume but doesn’t directly change Fastly’s fundamentals. Read More.
• Negative Sentiment: Insider selling disclosed: CTO Artur Bergman made a small sale (869 shares) recently and several larger sales in February. Sales are modest relative to his large remaining stake but can be perceived negatively by some investors. Read More.

Institutional Investors Weigh In On Fastly

Several institutional investors and hedge funds have recently bought and sold shares of FSLY. Los Angeles Capital Management LLC acquired a new stake in Fastly in the second quarter valued at approximately $171,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Fastly during the second quarter worth $741,000. Knights of Columbus Asset Advisors LLC bought a new position in shares of Fastly in the 3rd quarter valued at $1,002,000. Geode Capital Management LLC boosted its holdings in shares of Fastly by 6.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock valued at $22,681,000 after acquiring an additional 189,423 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Fastly during the 2nd quarter valued at $217,000. Institutional investors own 79.71% of the company’s stock.

Fastly Price Performance

The business has a 50-day moving average of $12.00 and a two-hundred day moving average of $10.16. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.21 billion, a P/E ratio of -22.02 and a beta of 1.03.

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.