Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 11,433 Shares of Company Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 11,433 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $24.90, for a total value of $284,681.70. Following the transaction, the chief executive officer directly owned 840,516 shares in the company, valued at $20,928,848.40. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 value of $208,089.28.
• 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 value of $1,256,272.56.
• On Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The shares were 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 shares were 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 stock was sold at an average price of $24.69, for a total transaction 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 transaction 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 transaction of $371,700.00.

Fastly Trading Down 4.0%

Shares of FSLY stock opened at $22.07 on Wednesday. The company has a fifty day moving average price of $24.71 and a two-hundred day moving average price of $22.53. Fastly, Inc. has a one year low of $7.87 and a one year high of $34.82. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. The company 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. On average, research analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FSLY shares. Piper Sandler boosted their price target on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. DA Davidson raised their price objective on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, September 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Canaccord Genuity Group initiated coverage on Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Freedom Capital raised Fastly to a “strong-buy” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.42.

Institutional Trading of Fastly

Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after buying an additional 3,524,763 shares during the period. Bank of America Corp DE grew its stake in 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 last quarter. Wellington Management Group LLP acquired a new position in Fastly in the 2nd quarter valued at about $8,696,000. SG Americas Securities LLC raised its holdings in Fastly by 90.7% in the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after acquiring an additional 326,087 shares during the period. Finally, Castleark Management LLC bought a new position in Fastly in 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.