Fastly (NYSE:FSLY) Sets New 12-Month High – Here’s What Happened

Fastly, Inc. (NYSE:FSLY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.16 and last traded at $11.9270, with a volume of 1251913 shares traded. The stock had previously closed at $11.56.

Analyst Upgrades and Downgrades

A number of research firms have commented on FSLY. Royal Bank Of Canada lifted their target price on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday. Piper Sandler lifted their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Finally, Craig Hallum upgraded Fastly from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.83.

Fastly Stock Performance

The business’s 50-day moving average price is $8.33 and its 200-day moving average price is $7.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $1.75 billion, a P/E ratio of -12.41 and a beta of 1.21.

Fastly (NYSE:FSLY) last posted its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 11.96%. Fastly’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. As a group, sell-side analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Insider Activity at Fastly

In other Fastly news, CEO Charles Lacey Compton III sold 11,378 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $8.41, for a total transaction of $95,688.98. Following the transaction, the chief executive officer owned 659,313 shares of the company’s stock, valued at approximately $5,544,822.33. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott R. Lovett sold 42,172 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $8.41, for a total transaction of $354,666.52. Following the completion of the sale, the insider owned 1,088,551 shares of the company’s stock, valued at approximately $9,154,713.91. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 597,933 shares of company stock worth $4,823,359 over the last three months. 6.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fastly

Hedge funds have recently made changes to their positions in the company. Caxton Associates LLP purchased a new position in Fastly during the 1st quarter worth approximately $800,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Fastly in the 2nd quarter valued at about $741,000. Hsbc Holdings PLC grew its holdings in Fastly by 6.1% during the first quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock worth $175,000 after acquiring an additional 1,612 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Fastly in the 2nd quarter worth approximately $557,000. Finally, Allianz Asset Management GmbH acquired a new stake in Fastly during the first quarter valued at $111,000. 79.71% of the stock is owned by institutional investors and hedge funds.

About Fastly

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.