Fastly, Inc. $FSLY Shares Acquired by First Trust Advisors LP

Posted by Brenda Bartman on Jul 23rd, 2026

First Trust Advisors LP lifted its stake in shares of Fastly, Inc. (NYSE:FSLY – Free Report) by 100.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,031,952 shares of the company’s stock after buying an additional 3,524,763 shares during the quarter. First Trust Advisors LP’s holdings in Fastly were worth $204,349,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FSLY. Amundi increased its holdings in Fastly by 11.3% in the first quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after buying an additional 4,724 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Fastly in the 1st quarter worth approximately $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 acquiring an additional 6,247 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after acquiring an additional 55,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised 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 currently owned by institutional investors and hedge funds.

Fastly Stock Down 1.3%

NYSE:FSLY opened at $20.46 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $18.39 and a 200-day moving average of $19.04. The firm has a market capitalization of $3.20 billion, a PE ratio of -21.31 and a beta of 0.34. Fastly, Inc. has a 52 week low of $6.29 and a 52 week high of $34.82.

Insider Activity at Fastly

In related news, insider Scott R. Lovett sold 41,716 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total transaction of $741,293.32. Following the completion of the transaction, the insider directly owned 1,392,778 shares in the company, valued at $24,749,665.06. This represents a 2.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Lacey Compton III sold 34,334 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $16.85, for a total value of $578,527.90. Following the completion of the sale, the chief executive officer directly owned 1,099,561 shares in the company, valued at $18,527,602.85. This represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 274,529 shares of company stock worth $4,761,780 in the last 90 days. 4.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler decreased their price objective on shares of Fastly to $27.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. KeyCorp increased 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. Evercore initiated coverage on shares of Fastly in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of Fastly to $18.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Finally, Citigroup lifted 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.11.

Check Out Our Latest Stock Report on FSLY

About Fastly

(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.