Fastly (NYSE:FSLY) CEO Charles Lacey Compton III Sells 4,638 Shares

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 4,638 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $8.81, for a total transaction of $40,860.78. Following the completion of the transaction, the chief executive officer owned 612,232 shares of the company’s stock, valued at approximately $5,393,763.92. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, January 16th, Charles Lacey Compton III sold 9,044 shares of Fastly stock. The shares were sold at an average price of $9.07, for a total value of $82,029.08.
• On Tuesday, November 18th, Charles Lacey Compton III sold 18,455 shares of Fastly stock. The stock was sold at an average price of $10.23, for a total value of $188,794.65.

Fastly Stock Up 1.6%

FSLY opened at $8.92 on Thursday. The stock’s 50 day moving average price is $10.44 and its 200 day moving average price is $8.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $1.33 billion, a P/E ratio of -9.29 and a beta of 0.98. Fastly, Inc. has a 12 month low of $4.65 and a 12 month high of $12.59.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, research analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On Fastly

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Byrne Asset Management LLC bought a new stake in shares of Fastly during the 3rd quarter worth $43,000. Quarry LP purchased a new stake in shares of Fastly during the third quarter valued at $49,000. Geneos Wealth Management Inc. acquired a new position in shares of Fastly in the 1st quarter valued at $52,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Fastly in the 3rd quarter valued at $56,000. Finally, State of Alaska Department of Revenue acquired a new stake in Fastly during the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FSLY. Royal Bank Of Canada boosted their price target on shares of Fastly from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Piper Sandler boosted their target price on Fastly from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Oppenheimer began coverage on Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fastly presently has an average rating of “Hold” and an average price target of $10.64.

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.