Fastly (NASDAQ:FSLY) Shares Down 3.5% on Insider Selling

Fastly, Inc. (NASDAQ:FSLY)’s stock price was down 3.5% on Tuesday after an insider sold shares in the company. The stock traded as low as $21.55 and last traded at $22.1860. Approximately 1,225,099 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 9,063,941 shares. The stock had previously closed at $22.99.

Specifically, CEO Charles Compton, III sold 9,016 shares of Fastly stock in a transaction on Monday, October 19th. The shares were sold at an average price of $23.08, for a total transaction of $208,089.28. Following the sale, the chief executive officer owned 831,500 shares of the company’s stock, valued at $19,191,020. The trade was a 1.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 11,433 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $24.90, for a total transaction of $284,681.70. Following the completion of the transaction, the chief executive officer directly owned 840,516 shares of the company’s stock, valued at approximately $20,928,848.40. The trade was a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, CTO Artur Bergman sold 3,002 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $30.07, for a total transaction of $90,270.14. Following the completion of the sale, the chief technology officer directly owned 1,098,317 shares in the company, valued at $33,026,392.19. This trade represents a 0.27% decrease in their ownership of the stock. 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Evercore reiterated an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Piper Sandler upped their target price on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Oppenheimer raised Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Friday, October 9th. Finally, DA Davidson increased their target price on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, September 23rd. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, Fastly has an average rating of “Hold” and an average target price of $27.42.

Fastly Stock Performance

The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $24.60 and a 200 day simple moving average of $22.46.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate 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. On average, research analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

Hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its holdings in shares of Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares during the period. Bank of America Corp DE boosted its holdings in shares of Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after buying an additional 692,459 shares during the period. Wellington Management Group LLP acquired a new position in shares of Fastly in the 2nd quarter valued at about $8,696,000. SG Americas Securities LLC grew its position in shares of Fastly by 90.7% during the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after buying an additional 326,087 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Fastly during the 1st quarter valued at about $5,164,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

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.