SG Americas Securities LLC Has $774,000 Stake in Fastly, Inc. $FSLY

SG Americas Securities LLC cut its holdings in Fastly, Inc. (NYSE:FSLY) by 68.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,566 shares of the company’s stock after selling 232,865 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Fastly worth $774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSLY. Banque Transatlantique SA bought a new position in shares of Fastly during the first quarter worth about $38,000. Geneos Wealth Management Inc. bought a new position in Fastly in the first quarter worth approximately $52,000. Acadian Asset Management LLC acquired a new stake in Fastly in the 1st quarter valued at $78,000. AlphaQuest LLC grew its holdings in shares of Fastly by 192.4% during the first quarter. AlphaQuest LLC now owns 13,771 shares of the company’s stock valued at $87,000 after buying an additional 9,061 shares during the last quarter. Finally, Bryce Point Capital LLC bought a new stake in Fastly during the 1st quarter worth approximately $99,000. 79.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FSLY has been the topic of a number of research analyst reports. Oppenheimer began coverage on shares of Fastly in a report on Monday, November 17th. They issued a “market perform” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citigroup increased their price target on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada increased their price objective on Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.36.

Insider Transactions at Fastly

In related news, CTO Artur Bergman sold 220,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $10.67, for a total value of $2,347,400.00. Following the completion of the sale, the chief technology officer directly owned 3,121,276 shares of the company’s stock, valued at approximately $33,304,014.92. This represents a 6.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott R. Lovett sold 178,931 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $8.28, for a total transaction of $1,481,548.68. Following the completion of the sale, the insider directly owned 1,165,185 shares of the company’s stock, valued at approximately $9,647,731.80. This trade represents a 13.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 921,531 shares of company stock worth $8,568,071. Insiders own 6.70% of the company’s stock.

Fastly Price Performance

NYSE FSLY opened at $11.60 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a 50-day moving average of $9.12 and a 200 day moving average of $7.92. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.54. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -12.08 and a beta of 1.21.

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

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.