Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 8,941 Shares of Company Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 8,941 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $24.98, for a total value of $223,346.18. Following the completion of the transaction, the chief executive officer owned 822,559 shares in the company, valued at $20,547,523.82. The trade was a 1.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, October 19th, Charles Compton, III sold 9,016 shares of Fastly stock. The stock was sold at an average price of $23.08, for a total transaction of $208,089.28.
• On Friday, October 16th, Charles Compton, III sold 11,433 shares of Fastly stock. The shares were sold at an average price of $24.90, for a total value of $284,681.70.
• On Monday, September 14th, Charles Compton, III sold 50,392 shares of Fastly stock. The shares were sold at an average price of $24.93, for a total transaction of $1,256,272.56.
• On Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The stock was sold at an average price of $21.23, for a total value of $51,716.28.
• 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 Monday, August 31st, Charles 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 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 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 transaction of $371,700.00.

Fastly Trading Down 1.2%

Shares of FSLY stock opened at $27.03 on Thursday. The business has a 50-day moving average price of $24.42 and a two-hundred day moving average price of $21.13. The firm has a market cap of $4.31 billion, a P/E ratio of -51.00 and a beta of 0.31. Fastly, Inc. has a 12-month low of $7.87 and a 12-month high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The company had revenue of $183.32 million during the quarter, compared to analysts’ expectations 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. Equities analysts anticipate that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FSLY shares. Piper Sandler increased their price objective on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. DA Davidson upped their price target on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $25.00 target price on shares of Fastly in a report on Wednesday, September 23rd. Freedom Broker upped their price target on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.42.

Institutional Investors Weigh In On Fastly

Several hedge funds and other institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. purchased a new stake in Fastly in the third quarter worth about $1,388,000. Capelight Capital Asset Management LP purchased a new position in shares of Fastly during the 3rd quarter valued at about $1,540,000. Sigma Planning Corp purchased a new position in shares of Fastly during the 3rd quarter valued at about $776,000. Signaturefd LLC lifted its position in shares of Fastly by 98,700.0% during the 3rd quarter. Signaturefd LLC now owns 988 shares of the company’s stock valued at $25,000 after buying an additional 987 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Fastly by 839.6% during the 3rd quarter. Sterling Capital Management LLC now owns 5,055 shares of the company’s stock valued at $130,000 after acquiring an additional 4,517 shares during the period. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

About Fastly

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.