Fastly (NYSE:FSLY) CEO Charles Lacey Compton III Sells 9,044 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 9,044 shares of Fastly stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $9.07, for a total value of $82,029.08. Following the completion of the sale, the chief executive officer owned 616,870 shares of the company’s stock, valued at $5,595,010.90. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Charles Lacey Compton III also recently made the following trade(s):

• On Tuesday, January 20th, Charles Lacey Compton III sold 4,638 shares of Fastly stock. The shares were sold at an average price of $8.81, for a total transaction of $40,860.78.
• 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 Performance

Shares of FSLY stock opened at $8.92 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $10.44 and a 200-day moving average price of $8.79. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.59. The firm has a market capitalization of $1.33 billion, a PE ratio of -9.29 and a beta of 0.98.

Fastly (NYSE:FSLY) last posted its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business 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 firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, equities research analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Analysts Set New Price Targets

FSLY has been the subject of several research reports. KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research report on Monday, December 15th. Piper Sandler upped their target price on shares of Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a 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. Oppenheimer started coverage on shares of Fastly in a research report on Monday, November 17th. They set a “market perform” rating for the company. Finally, DA Davidson upped their price objective on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.64.

Hedge Funds Weigh In On Fastly

Several large investors have recently added to or reduced their stakes in FSLY. Penserra Capital Management LLC purchased a new stake in shares of Fastly in the third quarter worth $61,864,000. Divisadero Street Capital Management LP purchased a new position in shares of Fastly during the 3rd quarter valued at $21,174,000. Marshall Wace LLP boosted its holdings in Fastly by 115.2% in the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after buying an additional 1,811,935 shares during the period. Balyasny Asset Management L.P. increased its stake in Fastly by 3,941.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after buying an additional 1,296,119 shares in the last quarter. Finally, Algert Global LLC increased its stake in Fastly by 288.8% in the 3rd quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock worth $13,011,000 after buying an additional 1,130,293 shares in the last quarter. Hedge funds and other institutional investors 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.