<div id="readability-page-1"><p>Shares of Fastly, Inc. (NYSE:FSLY - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $21.85 and last traded at $21.83, with a volume of 10970797 shares trading hands. The stock had previously closed at $20.14.</p><h2>Analysts Set New Price Targets</h2><ul><li>3 Red-Hot Cloud Infrastructure Stocks Powering 2025 Growth</li></ul><p>A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Fastly from $10.00 to $13.00 and gave the stock a &#34;neutral&#34; rating in a research report on Friday, February 13th. Royal Bank Of Canada upped their target price on Fastly from $12.00 to $20.00 and gave the company a &#34;sector perform&#34; rating in a research note on Monday, March 2nd. William Blair upgraded Fastly from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating in a report on Thursday, February 12th. Wall Street Zen raised Fastly from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, November 15th. Finally, KeyCorp raised Fastly from a &#34;sector weight&#34; rating to an &#34;overweight&#34; rating and set a $14.00 price objective on the stock in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, six have assigned  a Hold rating and one  has given a Sell rating to the stock. According to data from MarketBeat.com, Fastly presently has a consensus rating of &#34;Hold&#34; and a consensus price target of $13.14.</p><p><b>View Our Latest Analysis on Fastly</b></p><h2>Fastly Stock Performance</h2><ul><li>3 Beaten-Down Small Caps Building Momentum for a 2025 Rally</li></ul><p>The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.31 billion, a PE ratio of -22.74 and a beta of 0.88. The firm's 50-day simple moving average is $12.58 and its 200-day simple moving average is $10.44. </p><h2>Insider Activity at Fastly</h2><p>In other news, CEO Charles Lacey Compton III sold 73,206 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $20.94, for a total transaction of $1,532,933.64. Following the transaction, the chief executive officer owned 875,831 shares in the company, valued at approximately $18,339,901.14. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Artur Bergman sold 24,532 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $21.06, for a total transaction of $516,643.92. Following the completion of the sale, the chief technology officer directly owned 2,149,789 shares of the company's stock, valued at approximately $45,274,556.34. This trade represents a 1.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,050,695 shares of company stock worth $15,973,468. Company insiders own  6.70% of the company's stock. </p><h2>Institutional Investors Weigh In On Fastly</h2><ul><li>Akamai: AI Tailwinds Drive Edge Computing and Security Growth</li></ul><p>Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of  Fastly in the 4th quarter valued at $41,000.  Align Financial LLC purchased a new stake in shares of  Fastly during the 4th quarter worth $41,000.  Byrne Asset Management LLC purchased a new stake in shares of  Fastly during the 3rd quarter worth $43,000.  Quarry LP bought a new stake in  Fastly during the third quarter valued at about $49,000.  Finally, Geneos Wealth Management Inc. purchased a new position in  Fastly in the first quarter valued at about $52,000. Hedge funds and other institutional investors own  79.71% of the company's stock. </p><h2>About Fastly</h2> (Get Free Report)<p>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.  </p><p>Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.</p><h2>Read More</h2><ul><li>Five stocks we like better than Fastly</li><li>The gold chart Wall Street is terrified of…</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Elon Musk already made me a “wealthy man”</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>1,500 Banks Just Handed the Fed Your Bank Account</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fastly Right Now?</h2><p>Before you consider Fastly, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fastly wasn't on the list.</p><p>While Fastly currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Fastly, Inc. (NYSE:FSLY) reached a new 52-week high of $21.85, closing at $21.83 with significant trading volume. Analysts have raised price targets, with Citigroup setting it at $13.00 and Royal Bank of Canada at $20.00. The stock has a consensus rating of "Hold" and a price target of $13.14. Insider sales included CEO Charles Lacey Compton III selling 73,206 shares. Institutional investors own 79.71% of the company. Fastly operates an edge cloud platform, enhancing digital experiences through various services.</p>

- Fastly, Inc. (NYSE:FSLY) reached a 52-week high, trading at $21.83 with significant volume.  
- Analysts have raised price targets, with Citigroup setting a new target of $13.00, while Royal Bank of Canada increased theirs to $20.00, reflecting a generally positive outlook.  
- Insider sales totaled over 1 million shares recently, with institutional investors controlling approximately 79.71% of stock ownership.

Fastly (NYSE:FSLY) Hits New 12-Month High - Here's What Happened