Fastly (NASDAQ:FSLY) Director Richard Devon Daniels Sells 11,080 Shares of Stock

Posted by George Bondi on Aug 12th, 2026

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) Director Richard Devon Daniels sold 11,080 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $22.90, for a total value of $253,732.00. Following the completion of the sale, the director owned 51,197 shares in the company, valued at approximately $1,172,411.30. The trade was a 17.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Fastly Price Performance

Shares of FSLY stock opened at $28.78 on Wednesday. The stock has a 50 day moving average price of $19.97 and a 200 day moving average price of $20.36. Fastly, Inc. has a 52-week low of $6.70 and a 52-week high of $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market capitalization of $4.58 billion, a P/E ratio of -54.30 and a beta of 0.34.

Fastly (NASDAQ:FSLY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The company had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, sell-side analysts predict that Fastly, Inc. will post -0.45 earnings per share for the current year.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

Positive Sentiment: Q2 earnings beat expectations. Fastly reported adjusted EPS of $0.15 versus consensus of $0.07, while revenue reached $183.32 million compared with estimates of $173.94 million. Revenue increased 23.3% year over year, supported by growth in networking, security and other services. Fastly earnings report
Positive Sentiment: Margin and cash-flow expectations improved. CFO Rich Wong said Fastly’s software-centric platform relies primarily on CPUs rather than GPUs, potentially allowing the company to maintain strong gross margins and direct capital spending toward expansion instead of expensive infrastructure upgrades. Management’s outlook includes approximately $187 million of third-quarter revenue at the midpoint and improved full-year profitability guidance. Fastly gross margin commentary
Positive Sentiment: Analyst and institutional sentiment is supportive. Several analysts raised price targets following the earnings release, while institutional investors have continued accumulating shares. Bullish technical momentum and strong remaining performance obligations are reinforcing expectations for further growth and a possible retest of the year’s highs. Fastly Q2 rally analysis
Neutral Sentiment: Short-interest data provides no meaningful signal. Reported short interest was zero shares as of August 11, unchanged from the prior report, with a zero-day days-to-cover ratio. The figures appear potentially incomplete or unreliable, limiting their usefulness for evaluating trading pressure.
Negative Sentiment: An insider sold shares. Director Richard Devon Daniels sold 11,080 shares for approximately $253,732, reducing his direct ownership by 17.79%. One insider sale does not establish a broader trend, but it may temper sentiment slightly after the sharp rally. SEC insider transaction filing
Negative Sentiment: Valuation and execution risks are elevated. After rising roughly 174% this year, Fastly trades at a demanding multiple of projected earnings. Any slowdown in growth, weaker guidance or failure to deliver on the expected AI and margin opportunity could trigger a sharp pullback.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Fastly by 39.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after acquiring an additional 627 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares in the last quarter. Kestra Advisory Services LLC grew its stake 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 worth $122,000 after purchasing an additional 930 shares during the period. Parallax Volatility Advisers L.P. increased 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 purchasing an additional 1,465 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Fastly during the 1st quarter valued at approximately $44,000. 79.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FSLY shares. KeyCorp boosted their price objective on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 target price on shares of Fastly in a research report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Piper Sandler boosted their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Craig Hallum cut Fastly from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.33.

Read Our Latest Stock Analysis on Fastly

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.