Insider Selling: Fastly (NYSE:FSLY) CEO Sells $40,860.78 in Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 4,638 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $8.81, for a total transaction of $40,860.78. Following the sale, the chief executive officer owned 612,232 shares in the company, valued at $5,393,763.92. This represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, January 16th, Charles Lacey Compton III sold 9,044 shares of Fastly stock. The shares were sold at an average price of $9.07, for a total transaction of $82,029.08.
• On Tuesday, November 18th, Charles Lacey Compton III sold 18,455 shares of Fastly stock. The stock was sold at an average price of $10.23, for a total value of $188,794.65.

Fastly Stock Performance

Shares of Fastly stock opened at $9.29 on Friday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -9.68 and a beta of 0.98. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $12.59. The company’s fifty day moving average is $10.36 and its 200 day moving average is $8.81.

Fastly (NYSE:FSLY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The business had revenue of $158.22 million for the quarter, compared to analysts’ expectations of $151.04 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Sell-side analysts forecast that Fastly, Inc. will post -0.78 EPS for the current year.

Institutional Trading of Fastly

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new position in Fastly in the 3rd quarter worth about $61,864,000. Divisadero Street Capital Management LP bought a new position in shares of Fastly in the third quarter valued at approximately $21,174,000. Marshall Wace LLP grew its stake in Fastly by 115.2% during the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock valued at $23,899,000 after acquiring an additional 1,811,935 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Fastly by 3,941.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after acquiring an additional 1,296,119 shares during the period. Finally, Algert Global LLC increased its holdings in Fastly by 288.8% during the 3rd quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock worth $13,011,000 after acquiring an additional 1,130,293 shares during the period. 79.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FSLY has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Citigroup reduced their price target on shares of Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. KeyCorp upgraded 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 note on Monday, December 15th. Finally, Oppenheimer began coverage on Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.64.

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.