Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells $345,644.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 15,028 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $23.00, for a total transaction of $345,644.00. Following the completion of the transaction, the chief executive officer directly owned 969,814 shares of the company’s stock, valued at approximately $22,305,722. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Wednesday, September 2nd, Charles Compton, III sold 9,458 shares of Fastly stock. The stock was sold at an average price of $20.42, for a total transaction of $193,132.36.
• On Tuesday, September 1st, Charles Compton, III sold 55,579 shares of Fastly stock. The stock was sold at an average price of $21.39, for a total transaction of $1,188,834.81.
• On Wednesday, August 19th, Charles Compton, III sold 11,198 shares of Fastly stock. The shares were sold at an average price of $24.69, for a total value of $276,478.62.
• On Tuesday, August 18th, Charles 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 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 Stock Performance

Shares of NASDAQ FSLY opened at $20.59 on Friday. The stock has a 50 day moving average price of $22.22 and a 200 day moving average price of $22.08. Fastly, Inc. has a 52 week low of $7.28 and a 52 week high of $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The stock has a market capitalization of $3.28 billion, a PE ratio of -38.85 and a beta of 0.36.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on FSLY. Royal Bank Of Canada increased their price target on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Raymond James Financial reiterated an “outperform” rating and set a $29.00 price target on shares of Fastly in a report on Thursday, August 6th. Freedom Capital raised Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Evercore restated an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.33.

Hedge Funds Weigh In On Fastly

Several large investors have recently modified their holdings of FSLY. PNC Financial Services Group Inc. lifted its stake in shares of Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after buying an additional 633 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Fastly in the 4th quarter valued at about $41,000. Align Financial LLC bought a new position in Fastly in the 4th quarter valued at about $41,000. Sound Income Strategies LLC bought a new position in Fastly in the 1st quarter valued at about $44,000. Finally, Quarry LP acquired a new stake in Fastly during the third quarter worth approximately $49,000. 79.71% of the stock is owned by institutional investors.

About Fastly

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.