Charles Lacey Compton III Sells 9,458 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 9,458 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $20.42, for a total value of $193,132.36. Following the completion of the transaction, the chief executive officer owned 904,777 shares of the company’s stock, valued at approximately $18,475,546.34. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Tuesday, September 1st, Charles Compton, III sold 55,579 shares of Fastly stock. The shares were sold at an average price of $21.39, for a total value of $1,188,834.81.
• On Monday, August 31st, Charles Compton, III sold 15,028 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total value of $345,644.00.
• 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 transaction 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 transaction 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 Price Performance

NASDAQ FSLY opened at $20.59 on Friday. Fastly, Inc. has a one year low of $7.28 and a one year high of $34.82. The stock has a 50-day moving average of $22.22 and a 200 day moving average of $22.08. 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 company has a market capitalization of $3.28 billion, a price-to-earnings ratio of -38.85 and a beta of 0.36.

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

Institutional Investors Weigh In On Fastly

Several large investors have recently added to or reduced their stakes in FSLY. EverSource Wealth Advisors LLC boosted its stake in shares of Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after purchasing an additional 627 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after buying an additional 633 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Fastly by 8.4% during the fourth quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company’s stock valued at $122,000 after buying an additional 930 shares during the period. Parallax Volatility Advisers L.P. grew its stake in shares of Fastly by 13.8% during the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after buying an additional 1,465 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Fastly in the first quarter worth approximately $44,000. 79.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FSLY shares. Piper Sandler boosted their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, Freedom Capital raised Fastly to a “strong-buy” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fastly presently has a consensus rating of “Hold” and an average target price of $25.33.

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.