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

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 4,638 shares of Fastly stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $8.81, for a total value of $40,860.78. Following the sale, the chief executive officer directly owned 612,232 shares in the company, valued at $5,393,763.92. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $10.23, for a total transaction of $188,794.65.

Fastly Stock Up 5.2%

NYSE:FSLY opened at $9.38 on Friday. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.59. 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 company has a market cap of $1.40 billion, a PE ratio of -9.77 and a beta of 0.98. The firm’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $8.79.

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

Wall Street Analysts Forecast Growth

FSLY has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Fastly from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Monday, January 5th. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, December 15th. Piper Sandler boosted their price target on shares of Fastly from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Citigroup dropped their target price on shares of Fastly from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. 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 stock. Based on data from MarketBeat.com, Fastly currently has a consensus rating of “Hold” and an average price target of $10.64.

Institutional Trading of Fastly

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Fastly by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock valued at $142,500,000 after acquiring an additional 554,909 shares in the last quarter. Legal & General Group Plc increased its stake in Fastly by 3.4% in the second quarter. Legal & General Group Plc now owns 8,943,224 shares of the company’s stock valued at $63,139,000 after purchasing an additional 291,617 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Fastly during the third quarter valued at about $61,864,000. Dimensional Fund Advisors LP boosted its position in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock worth $35,380,000 after purchasing an additional 117,213 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Fastly by 115.2% in the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock valued at $23,899,000 after buying an additional 1,811,935 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.