Fastly (NASDAQ:FSLY) Shares Up 9.7% – Here’s Why

Posted by Brian Himes on Nov 13th, 2026

Shares of Fastly, Inc. (NASDAQ:FSLY – Get Free Report) were up 9.7% during mid-day trading on Wednesday. The stock traded as high as $17.44 and last traded at $17.8180. 442,787 shares were traded during mid-day trading, a decline of 95% from the average session volume of 8,861,804 shares. The stock had previously closed at $16.24.

Recent Fastly Headlines

These are some of the FSLY headlines that stood out recently:

Positive Sentiment: KeyCorp reiterated its Overweight rating and $30 price target. Its forecasts call for losses of $0.24 per share in FY2026 and $0.22 in FY2027, with a $0.04-per-share loss in Q4 2026—less negative than the cited current-year consensus estimate of $0.28 per share. Fastly analyst estimates
Neutral Sentiment: A recent comparison of Fastly and UiPath frames Fastly as an edge-cloud provider, but the article summary does not provide a new company-specific catalyst for FSLY. Fastly vs. UiPath
Negative Sentiment: Fastly’s shares have remained under pressure despite beating estimates and raising guidance. The recent debate over the stock centers on customer concentration, which may leave investors concerned about reliance on a limited number of customers. Fastly stock and customer concentration

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Fastly from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 6th. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Piper Sandler restated a “neutral” rating and issued a $24.00 price target (down from $28.00) on shares of Fastly in a research note on Thursday, November 5th. Freedom Broker lowered their price objective on Fastly from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Evercore restated an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Check Out Our Latest Analysis on Fastly

Fastly Stock Down 0.4%

The firm has a 50-day simple moving average of $23.56 and a 200 day simple moving average of $21.67. The stock has a market capitalization of $2.77 billion, a P/E ratio of -42.97 and a beta of 0.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.07 and a quick ratio of 3.07.

Fastly (NASDAQ:FSLY – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $190.19 million for the quarter, compared to analysts’ expectations of $187.82 million. Fastly had a negative return on equity of 4.53% and a negative net margin of 8.74%. On average, equities research analysts forecast that Fastly, Inc. will post -0.28 EPS for the current year.

Insider Activity

In related news, insider Jeffrey Ford sold 45,832 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $24.65, for a total value of $1,129,758.80. Following the completion of the sale, the insider directly owned 249,861 shares in the company, valued at $6,159,073.65. This represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 55,579 shares of Fastly stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $21.39, for a total value of $1,188,834.81. Following the transaction, the chief executive officer directly owned 914,235 shares in the company, valued at $19,555,486.65. The trade was a 5.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,323,893 shares of company stock valued at $35,452,889. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fastly

A number of hedge funds and other institutional investors have recently made changes to their positions in FSLY. Bleakley Financial Group LLC acquired a new stake in Fastly during the 3rd quarter worth about $287,000. Advisors Asset Management Inc. bought a new position in shares of Fastly in the 3rd quarter worth about $470,000. Private Advisor Group LLC acquired a new position in shares of Fastly in the 3rd quarter valued at about $224,000. Ieq Capital LLC acquired a new position in shares of Fastly in the 3rd quarter valued at about $208,000. Finally, Proem Advisors LLC bought a new stake in shares of Fastly during the 3rd quarter valued at about $3,337,000. 79.71% of the stock is owned by institutional investors and hedge funds.

About Fastly

(Get Free Report)

Fastly, Inc. provides an edge cloud platform that helps businesses deliver and secure websites, applications, and digital content. Its services include content delivery, web application and API protection, DDoS mitigation, bot management, and tools for monitoring and analyzing internet traffic. The company also offers edge computing through Fastly Compute, which lets developers run code closer to users. Fastly’s platform is designed to help organizations improve the speed, reliability, and security of online services, and it serves customers across multiple industries and geographies.