Fastly (NYSE:FSLY) Shares Down 8.9% Following Insider Selling

Fastly, Inc. (NYSE:FSLY)’s share price was down 8.9% during trading on Friday following insider selling activity. The stock traded as low as $10.53 and last traded at $10.4940. Approximately 1,832,913 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 3,151,843 shares. The stock had previously closed at $11.52.

Specifically, CTO Artur Bergman sold 3,222 shares of Fastly stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $12.51, for a total transaction of $40,307.22. Following the sale, the chief technology officer directly owned 2,890,579 shares in the company, valued at $36,161,143.29. The trade was a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Artur Bergman sold 41,080 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $11.51, for a total transaction of $472,830.80. Following the transaction, the chief technology officer owned 2,893,801 shares of the company’s stock, valued at approximately $33,307,649.51. The trade was a 1.40% decrease in their position. The SEC filing for this sale provides additional information.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FSLY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Oppenheimer initiated coverage on Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. DA Davidson raised their target price on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Piper Sandler boosted their target price on Fastly from $7.50 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.08.

Fastly Stock Performance

The business has a 50 day moving average of $9.67 and a 200-day moving average of $8.16. The company has a market capitalization of $1.57 billion, a P/E ratio of -10.94 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46.

Fastly (NYSE:FSLY) last issued its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The business had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. On average, sell-side analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Trading of Fastly

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Banque Transatlantique SA purchased a new stake in Fastly in the 1st quarter worth approximately $38,000. Byrne Asset Management LLC bought a new position in shares of Fastly in the third quarter worth $43,000. Quarry LP purchased a new stake in shares of Fastly in the third quarter worth $49,000. Geneos Wealth Management Inc. bought a new stake in Fastly during the first quarter valued at $52,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Fastly during the third quarter valued at $56,000. Institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.