Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 34,552 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Lacey Compton III sold 34,552 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total value of $988,187.20. Following the completion of the sale, the chief executive officer directly owned 996,040 shares in the company, valued at $28,486,744. This represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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, August 19th, Charles Lacey Compton III sold 11,198 shares of Fastly stock. The shares were sold at an average price of $24.69, for a total value of $276,478.62.
• On Tuesday, August 4th, Charles Lacey Compton III sold 14,868 shares of Fastly stock. The stock was sold at an average price of $25.00, for a total value of $371,700.00.
• On Wednesday, June 3rd, Charles Lacey Compton III sold 9,313 shares of Fastly stock. The stock was sold at an average price of $20.79, for a total transaction of $193,617.27.
• On Friday, May 29th, Charles Lacey Compton III sold 15,028 shares of Fastly stock. The shares were sold at an average price of $16.96, for a total value of $254,874.88.

Fastly Stock Down 4.0%

FSLY stock traded down $0.95 during midday trading on Thursday, reaching $22.71. 5,761,319 shares of the company were exchanged, compared to its average volume of 9,739,349. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -42.85 and a beta of 0.34. 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, Inc. has a 1-year low of $7.01 and a 1-year high of $34.82. The stock’s 50-day simple moving average is $21.01 and its 200 day simple moving average is $21.14.

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

Hedge Funds Weigh In On Fastly

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Fastly by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock valued at $172,825,000 after acquiring an additional 310,234 shares during the last quarter. Morgan Stanley grew its stake in shares of Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after purchasing an additional 1,071,222 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Fastly by 2,795.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock valued at $48,754,000 after purchasing an additional 4,623,767 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Fastly by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after purchasing an additional 117,213 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup raised their price target on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Evercore reissued an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. 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. Finally, Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Fastly currently has a consensus rating of “Hold” and a consensus target price of $25.33.

About Fastly

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.