Fastly (NYSE:FSLY) Insider Scott Lovett Sells 34,919 Shares

Posted by Francis Steltz on Jun 18th, 2026

Fastly, Inc. (NYSE:FSLY – Get Free Report) insider Scott Lovett sold 34,919 shares of Fastly stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $18.15, for a total value of $633,779.85. Following the transaction, the insider owned 1,434,494 shares of the company’s stock, valued at $26,036,066.10. The trade was a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Fastly Stock Up 2.8%

Shares of NYSE FSLY traded up $0.49 during trading on Thursday, reaching $17.90. The company had a trading volume of 8,895,508 shares, compared to its average volume of 11,195,102. Fastly, Inc. has a 12-month low of $6.29 and a 12-month high of $34.82. The stock has a market cap of $2.80 billion, a PE ratio of -18.65 and a beta of 0.37. The business’s 50-day moving average is $21.46 and its 200 day moving average is $17.59. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FSLY. Piper Sandler dropped their price target on shares of Fastly to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. KeyCorp lifted their target price on shares of Fastly from $14.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Craig Hallum cut shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a report on Tuesday, April 14th. Raymond James Financial upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Friday, May 8th. Finally, Citigroup increased their price target on shares of Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fastly has a consensus rating of “Hold” and a consensus target price of $22.62.

Get Our Latest Research Report on Fastly

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in Fastly by 39.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after purchasing an additional 627 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after buying an additional 633 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Fastly by 8.4% during the 4th quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company’s stock valued at $122,000 after buying an additional 930 shares during the period. Parallax Volatility Advisers L.P. lifted its holdings in shares of Fastly by 13.8% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after buying an additional 1,465 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of Fastly in the 1st quarter worth $44,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

(Get Free Report)

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.