Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells 55,579 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Lacey Compton III sold 55,579 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $21.39, for a total transaction of $1,188,834.81. Following the completion of the transaction, the chief executive officer directly owned 914,235 shares of the company’s stock, valued at approximately $19,555,486.65. The trade was a 5.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Lacey Compton III also recently made the following trade(s):

• On Monday, August 31st, Charles Lacey Compton III sold 15,028 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $345,644.00.
• On Wednesday, August 19th, Charles Lacey Compton III sold 11,198 shares of Fastly stock. The stock was sold at an average price of $24.69, for a total transaction of $276,478.62.
• On Tuesday, August 18th, Charles Lacey Compton III sold 34,552 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total value of $988,187.20.
• On Tuesday, August 4th, Charles Lacey Compton III sold 14,868 shares of Fastly stock. The stock was sold at an average price of $25.00, for a total value of $371,700.00.

Fastly Price Performance

FSLY stock traded down $0.34 during midday trading on Wednesday, reaching $20.43. 3,560,297 shares of the stock were exchanged, compared to its average volume of 9,424,438. Fastly, Inc. has a 52 week low of $7.05 and a 52 week high of $34.82. The company has a fifty day moving average price of $21.97 and a 200 day moving average price of $22.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The stock has a market capitalization of $3.25 billion, a PE ratio of -38.55 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, analysts expect that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Fastly by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock valued at $172,825,000 after acquiring an additional 310,234 shares during the period. Morgan Stanley raised its position in shares of Fastly by 14.7% during the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock worth $84,893,000 after purchasing an additional 1,071,222 shares during the period. First Trust Advisors LP lifted its holdings in shares of Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Fastly by 2,795.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock worth $48,754,000 after purchasing an additional 4,623,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Fastly by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after purchasing an additional 117,213 shares during the period. Institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLY has been the topic of a number of research reports. Citigroup boosted their target price on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Piper Sandler increased their price objective on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their target price on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.33.

Fastly Company Profile

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.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.