FSLY
Fastly, Inc.
September 23, 2026 · intraday
- Rarity
- 1.95
- Peak move
- +17.73%
- Float cap
- $3.6B
Fastly, Inc. operates an edge cloud platform that helps organizations deliver, secure, and accelerate digital experiences. Its services include content delivery, edge computing, and web and application protection for businesses ranging from Fortune 500 companies to digital publishers, ecommerce, streaming media, and gaming across the globe.
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What we found
17 events · 4 from SEC or newswire · 0 timed with the moveinsider_saleThe Per Artur Bergman Revocable Trust, associated with a Fastly director and officer, filed notice to sell 353,532 Fastly shares worth about $9.2 million under a 10b5-1 plan.
SEC144 0001950047-26-009772analyst_ratingDA Davidson analyst Rudy Kessinger cut his price target on Fastly to $23 from $26 and kept a Neutral rating after the Investor Day, saying valuation had become stretched relative to the AI growth expectations already priced into the shares.
analyst_ratingEvercore ISI reiterated an Outperform rating and $32.00 price target on Fastly following its Investor Day, citing the 2029 framework of $1.1B-$1.3B revenue and plans to stop reporting segment revenue from 2027.
analyst_ratingRBC Capital maintained a Sector Perform rating on Fastly with a $25 price target following the company's Investor Day and its $1.1B-$1.3B 2029 revenue target tied to AI expansion.
analyst_ratingRaymond James reiterated its Outperform rating and $29.00 price target on Fastly after the company's Sept 22 analyst day, noting management reiterated FY2026 guidance of $732M-$746M revenue and introduced 2029 targets.
peer_disclosureCloudflare rose 0.8% to $354.34 and Akamai Technologies gained 0.9% to $118.53 on Sept 22, 2026, trading opposite to Fastly after its Investor Day.
- Key event
investor_dayAt its Investor Day at the Nasdaq MarketSite in New York on Sept 22, 2026, Fastly set 2029 targets of $1.1B-$1.3B revenue (14%-21% CAGR from 2026), 67%-71% gross margin, 20%-22% non-GAAP operating margin and 12%-15% free cash flow margin, and reaffirmed FY2026 guidance of $732M-$746M revenue and $40M-$50M FCF.
institutional_flowSecond-quarter 13F data showed hedge fund holders of Fastly fell to 28 from 41 in the prior quarter, with combined holdings down 22.8% to $478.2 million from $619.2 million quarter over quarter.
- Key event
analyst_ratingBofA raised its price target on Fastly to $22 from $20 while keeping an Underperform rating, citing three consecutive quarters of 20%-plus revenue growth and the investor-day repositioning toward a unified edge platform, while awaiting detail on agentic traffic contribution and AI product differentiation.
- Key event
analyst_ratingDA Davidson analyst Rudy Kessinger raised his price target on Fastly to $23 from $21 and kept a Neutral rating after attending the Investor Day, calling the new 2029 targets ahead of consensus and citing strong bot management and DDoS demand.
analyst_ratingFreedom Broker raised its Fastly price target to $37 from $32 and kept a Buy rating, saying the Investor Day reinforced a shift toward a mature platform model with cybersecurity cross-sell and infrastructure efficiency supporting long-term growth and margin expansion.
insider_saleFastly CTO Artur Bergman sold 33,579 shares for about $825,000 at a weighted average price of $24.57 across September 14-15, 2026 under a Rule 10b5-1 plan, including shares held indirectly through The Per Artur Bergman Revocable Trust, which retains about 1.6 million shares, per a Form 4 filed Sept 21.
insider_saleFastly President, Go to Market Scott R. Lovett sold 41,815 shares on September 17, 2026 at prices from $23.56 to $25.38, for total proceeds of about $1.03 million.
SEC4 0001517413-26-000294insider_saleFastly Principal Accounting Officer Jeffrey Ford sold 45,832 shares on September 17, 2026 at prices from $23.57 to $25.37, for total proceeds of about $1.13 million.
SEC4 0001517413-26-000293insider_saleFastly Chief Technology Officer Artur Bergman sold Fastly shares in September 2026, including 77,046 shares on September 21 at $25.32 to $27.82 for about $2.12 million and 2,200 shares on September 17 at $25.30 for $55,660.
SEC4 0001517413-26-000292SEC4 0001517413-26-000296product_launchFastly launched AI Runtime Control, AI Firewall and new API Security capabilities within its Fastly for AI portfolio, now generally available, to govern AI model access, block LLM prompt-injection attacks and enforce API contracts for agentic traffic; machine-generated traffic exceeded 50% of its network traffic in July and August 2026.
executive_remarkFastly CFO Rich Wong said at a Piper Sandler conference that the company generated $183 million in revenue in the latest quarter, up 23% year over year, with security revenue up 43%, remaining performance obligations up 38%, current-portion RPO up 44% and net retention at a four-year high of 117%.