30,233 Shares in Fastly, Inc. $FSLY Bought by Sigma Planning Corp

Sigma Planning Corp bought a new position in Fastly, Inc. (NASDAQ:FSLY – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,233 shares of the company’s stock, valued at approximately $776,000.

Other large investors have also bought and sold shares of the company. First Trust Advisors LP raised its stake in shares of Fastly by 100.5% in the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Fastly by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock valued at $79,620,000 after purchasing an additional 11,022 shares during the period. Bank of America Corp DE grew its position in Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares during the period. Wellington Management Group LLP purchased a new position in shares of Fastly in the 2nd quarter worth $8,696,000. Finally, Swiss National Bank increased its position in Fastly by 1.8% during the first quarter. Swiss National Bank now owns 280,900 shares of the company’s stock valued at $8,163,000 after acquiring an additional 4,900 shares during the last quarter. 79.71% of the stock is owned by hedge funds and other institutional investors.

Fastly Stock Down 9.9%

FSLY stock opened at $23.11 on Friday. The firm has a fifty day moving average price of $24.46 and a 200 day moving average price of $21.28. Fastly, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36.

Fastly (NASDAQ:FSLY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Sell-side analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Artur Bergman sold 37,039 shares of Fastly stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $25.48, for a total transaction of $943,753.72. Following the completion of the sale, the chief technology officer owned 1,024,239 shares of the company’s stock, valued at approximately $26,097,609.72. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 8,941 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $24.98, for a total value of $223,346.18. Following the completion of the transaction, the chief executive officer directly owned 822,559 shares in the company, valued at approximately $20,547,523.82. This trade represents a 1.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,349,841 shares of company stock valued at $36,078,321 over the last three months. 4.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KeyCorp restated an “overweight” rating and set a $30.00 target price on shares of Fastly in a research report on Friday, September 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $25.00 price objective on shares of Fastly in a research note on Wednesday, September 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. DA Davidson upped their target price on shares of Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. Finally, Oppenheimer raised Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fastly presently has an average rating of “Hold” and a consensus price target of $27.42.

Get Our Latest Report on FSLY

About Fastly

(Free Report)

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.

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Institutional Ownership by Quarter for Fastly (NASDAQ:FSLY)

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