Fastly (NYSE:FSLY) Stock Price Up 7.9% – Here’s What Happened

Posted by Francis Steltz on Jun 29th, 2026

Shares of Fastly, Inc. (NYSE:FSLY – Get Free Report) traded up 7.9% during mid-day trading on Monday . The stock traded as high as $18.37 and last traded at $18.4670. 1,447,853 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 10,898,747 shares. The stock had previously closed at $17.11.

Analysts Set New Price Targets

Several equities analysts have commented on FSLY shares. Raymond James Financial raised 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 report on Friday, May 8th. Craig Hallum cut Fastly from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Tuesday, April 14th. Royal Bank Of Canada decreased their price target on Fastly to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Piper Sandler lowered their price objective on Fastly to $27.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Finally, KeyCorp raised their price objective on Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fastly presently has a consensus rating of “Hold” and a consensus target price of $22.62.

View Our Latest Research Report on FSLY

Fastly Trading Up 6.3%

The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $20.13 and a 200-day moving average price of $17.87. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -18.96 and a beta of 0.37.

Insiders Place Their Bets

In other Fastly news, CTO Artur Bergman sold 7,889 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $20.96, for a total value of $165,353.44. Following the completion of the sale, the chief technology officer directly owned 2,038,638 shares of the company’s stock, valued at $42,729,852.48. This represents a 0.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Wong sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $16.48, for a total transaction of $41,200.00. Following the transaction, the chief financial officer owned 1,239,301 shares in the company, valued at approximately $20,423,680.48. The trade was a 0.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 304,062 shares of company stock worth $5,482,012. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently added to or reduced their stakes in FSLY. Amundi grew its holdings in shares of Fastly by 11.3% during the 1st quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after purchasing an additional 4,724 shares in the last quarter. AQR Capital Management LLC bought a new stake in Fastly in the 1st quarter valued at $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Fastly by 1.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after buying an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Fastly by 963.6% during the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after acquiring an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Fastly by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after acquiring an additional 165,937 shares in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

About Fastly

(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.