Y Intercept Hong Kong Ltd Makes New Investment in Fastly, Inc. $FSLY

Y Intercept Hong Kong Ltd bought a new stake in Fastly, Inc. (NYSE:FSLY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 78,960 shares of the company’s stock, valued at approximately $557,000.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Fastly in the first quarter valued at $91,000. Teacher Retirement System of Texas bought a new stake in Fastly in the 1st quarter valued at about $123,000. Bank of New York Mellon Corp grew its position in Fastly by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 1,796,501 shares of the company’s stock worth $11,372,000 after buying an additional 75,904 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Fastly in the first quarter valued at about $696,000. Finally, CWM LLC grew its stake in Fastly by 37.9% during the first quarter. CWM LLC now owns 17,371 shares of the company’s stock worth $110,000 after buying an additional 4,777 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors.

Fastly Trading Up 37.2%

Shares of Fastly stock opened at $11.07 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $8.25 and a 200 day simple moving average of $7.45. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $12.08. The company has a market capitalization of $1.63 billion, a P/E ratio of -11.53 and a beta of 1.21.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. Fastly had a negative return on equity of 11.96% and a negative net margin of 23.49%.The firm had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. During the same period last year, the firm posted $0.02 EPS. The business’s revenue was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. On average, sell-side analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In other news, CTO Artur Bergman sold 58,138 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $7.41, for a total transaction of $430,802.58. Following the completion of the transaction, the chief technology officer owned 3,521,276 shares in the company, valued at approximately $26,092,655.16. This represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott R. Lovett sold 178,931 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $8.28, for a total transaction of $1,481,548.68. Following the completion of the transaction, the insider directly owned 1,165,185 shares of the company’s stock, valued at approximately $9,647,731.80. This trade represents a 13.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 597,933 shares of company stock valued at $4,823,359. 6.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their target price on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Piper Sandler lifted their price target on shares of Fastly from $7.50 to $10.00 and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.83.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.