Fastly, Inc. (NYSE:FSLY) is a favorite amongst institutional investors who own 66%
The top 14 shareholders own 51% of the company
Insiders have sold recently
Every investor in Fastly, Inc. (NYSE:FSLY) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 66% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).
Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.
In the chart below, we zoom in on the different ownership groups of Fastly.
Check out our latest analysis for Fastly
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
As you can see, institutional investors have a fair amount of stake in Fastly. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Fastly's historic earnings and revenue below, but keep in mind there's always more to the story.
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Fastly is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 11% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.5% and 5.6%, of the shares outstanding, respectively. Furthermore, CEO Todd Nightingale is the owner of 1.1% of the company's shares.
A closer look at our ownership figures suggests that the top 14 shareholders have a combined ownership of 51% implying that no single shareholder has a majority.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our most recent data indicates that insiders own some shares in Fastly, Inc.. As individuals, the insiders collectively own US$66m worth of the US$945m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.
With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Fastly. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 2 warning signs for Fastly that you should be aware of.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENTS OF LOSS – U.S. GAAP U.S. dollars in thousands, except per share data Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited Revenues: Licensing and related revenues $ 15,022 $ 17,278 $ 30,064 $ 28,692 Royalties 10,656 11,159 19,859 21,817Total revenues 25,678 28,437 49,923 50,509Cost of revenues 3,549 2,933 7,036 5,436Gross profit 22,129 25,504 42,887 45,073Operating expenses: Research and development, net 18,758 18,758 36,367 36,749 Sales and marketing 3,322 3,095 6,771 5,911 General and administrative 4,381 3,537 8,314 7,109 Amortization of intangible assets 150 149 299 299 Total operating expenses 26,611 25,539 51,751 50,068Operating loss (4,482) (35) (8,864) (4,995) Financial income, net 2,121 1,406 4,221 2,663 Revaluation of marketable equity securities (208) (58) (262) (118)Income (loss) before taxes on income (2,569) 1,313 (4,905) (2,450) Income tax expense 1,135 1,604 2,126 3,289 Net loss $ (3,704) $ (291) $ (7,031) $ (5,739)Basic and diluted net loss per share $ (0.15) $ (0.01) $ (0.30) $ (0.24)Weighted-average shares used to compute net loss per share (in thousands): Basic and diluted 23,898 23,628 23,832 23,568 Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures U.S. Dollars in thousands, except per share amountsThree months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited GAAP net loss $ (3,704) $ (291) $ (7,031) $ (5,739) Equity-based compensation expense included in cost of revenues 166 191 325 394 Equity-based compensation expense included in research and development expenses 2,673 2,438 5,139 4,445 Equity-based compensation expense included in sales and marketing expenses 598 451 1,164 816 Equity-based compensation expense included in general and administrative expenses 1,465 820 2,597 1,816 Amortization of intangible assets related to acquisition of businesses 209 278 417 556 Costs associated with asset acquisition 144 252 288 532 Loss associated with the remeasurement of marketable equity securities 208 58 262 118 Non-GAAP net income $ 1,759 $ 4,197 $ 3,161 $ 2,938 GAAP weighted-average number of Common Stock used in computation of diluted net loss and loss per share (in thousands) 23,898 23,628 23,832 23,568 Weighted-average number of shares related to outstanding stock-based awards (in thousands) 1,763 1,482 1,690 1,421 Weighted-average number of Common Stock used in computation of diluted earnings per share, excluding the above (in thousands) 25,661 25,110 25,522 24,989 GAAP diluted loss per share $ (0.15) $ (0.01) $ (0.30) $ (0.24) Equity-based compensation expense $ 0.19 $ 0.16 $ 0.38 $ 0.32 Amortization of intangible assets related to acquisition of businesses $ 0.01 $ 0.01 $ 0.02 $ 0.02 Costs associated with asset acquisition $ 0.01 $ 0.01 $ 0.01 $ 0.02 Loss associated with the remeasurement of marketable equity securities $ 0.01 $ 0.00 $ 0.01 $ 0.00 Non-GAAP diluted earnings per share $ 0.07 $ 0.17 $ 0.12 $ 0.12 Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited GAAP Operating loss $ (4,482) $ (35) $ (8,864) $ (4,995) Equity-based compensation expense included in cost of revenues 166 191 325 394 Equity-based compensation expense included in research and development expenses 2,673 2,438 5,139 4,445 Equity-based compensation expense included in sales and marketing expenses 598 451 1,164 816 Equity-based compensation expense included in general and administrative expenses 1,465 820 2,597 1,816 Amortization of intangible assets related to acquisition of businesses 209 278 417 556 Costs associated with asset acquisition 144 252 288 532 Total non-GAAP Operating Income $ 773 $ 4,395 $ 1,066 $ 3,564 Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited UnauditedGAAP Gross Profit $ 22,129 $ 25,504 $ 42,887 $ 45,073 GAAP Gross Margin 86 % 90 % 86 % 89 %Equity-based compensation expense included in cost of revenues 166 191 325 394 Amortization of intangible assets related to acquisition of businesses 59 129 118 257 Total Non-GAAP Gross profit 22,354 25,824 43,330 45,724 Non-GAAP Gross Margin 87 % 91 % 87 % 91 % Ceva, Inc. AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (U.S. Dollars in thousands)June 30, December 31, 2025 2024 (*) Unaudited Unaudited ASSETSCurrent assets:Cash and cash equivalents$ 29,082 $ 18,498 Marketable securities and short-term bank deposits128,422 145,146 Trade receivables, net11,832 15,969 Unbilled receivables24,851 21,240 Prepaid expenses and other current assets14,621 15,488 Total current assets208,808 216,341 Long-term assets:Severance pay fund7,864 7,161 Deferred tax assets, net1,630 1,456 Property and equipment, net6,484 6,877 Operating lease right-of-use assets4,645 5,811 Investment in marketable equity securities50 312 Goodwill58,308 58,308 Intangible assets, net1,460 1,877 Other long-term assets13,593 10,805 Total assets$ 302,842 $ 308,948 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Trade payables$ 1,771 $ 1,125 Deferred revenues3,212 3,599 Accrued expenses and other payables17,749 23,207 Operating lease liabilities1,610 2,598 Total current liabilities24,342 30,529 Long-term liabilities: Accrued severance pay8,155 7,365 Operating lease liabilities2,755 2,963 Other accrued liabilities1,698 1,535 Total liabilities36,950 42,392 Stockholders' equity:Common stock24 24 Additional paid in-capital267,743 259,891 Treasury stock(5,874) (3,222) Accumulated other comprehensive income (loss)344 (1,330) Retained earnings3,655 11,193 Total stockholders' equity265,892 266,556 Total liabilities and stockholders' equity$ 302,842 $ 308,948(*) Derived from audited financial statements. 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