Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells $1,188,834.81 in Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 55,579 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $21.39, for a total value of $1,188,834.81. Following the completion of the transaction, the chief executive officer directly owned 914,235 shares in the company, valued at $19,555,486.65. This trade represents a 5.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Wednesday, September 2nd, Charles Compton, III sold 9,458 shares of Fastly stock. The shares were sold at an average price of $20.42, for a total value of $193,132.36.
• 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 value of $345,644.00.
• On Wednesday, August 19th, Charles Compton, III sold 11,198 shares of Fastly stock. The stock was 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 stock was sold at an average price of $28.60, for a total value of $988,187.20.
• On Tuesday, August 4th, Charles Compton, III sold 14,868 shares of Fastly stock. The shares were sold at an average price of $25.00, for a total value of $371,700.00.

Fastly Stock Down 2.5%

Shares of NASDAQ:FSLY opened at $20.59 on Friday. The stock has a 50-day simple moving average of $22.22 and a 200-day simple moving average of $22.08. The stock has a market capitalization of $3.28 billion, a P/E ratio of -38.85 and a beta of 0.36. Fastly, Inc. has a 1 year low of $7.28 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36.

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

Institutional Trading of Fastly

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after purchasing an additional 692,459 shares during the period. Convergence Investment Partners LLC acquired a new stake in Fastly during the 1st quarter valued at $1,951,000. Castleark Management LLC purchased a new stake in Fastly during the 1st quarter worth $5,164,000. Range Financial Group LLC purchased a new stake in Fastly during the 1st quarter worth $1,667,000. Finally, Vanguard Group Inc. lifted its holdings in Fastly by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock worth $172,825,000 after buying an additional 310,234 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSLY. KeyCorp lifted their target price on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Canaccord Genuity Group initiated coverage on Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Evercore reissued an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fastly presently has an average rating of “Hold” and an average target price of $25.33.

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.