Richard Wong Sells 148,015 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) CFO Richard Wong sold 148,015 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $28.61, for a total value of $4,234,709.15. Following the completion of the transaction, the chief financial officer owned 1,091,286 shares in the company, valued at $31,221,692.46. This trade represents a 11.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fastly Stock Up 9.9%

Fastly stock opened at $24.95 on Friday. Fastly, Inc. has a twelve month low of $7.05 and a twelve month high of $34.82. The stock has a 50 day moving average of $21.22 and a two-hundred day moving average of $21.26. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of -47.08 and a beta of 0.34.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s latest quarterly results were stronger than expected. The company reported $0.15 in EPS versus the $0.07 consensus estimate and revenue of $183.32 million versus expectations of $173.94 million. Management also provided fiscal 2026 EPS guidance of $0.50 to $0.54, supporting the investment case for an improving edge-cloud business. Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
• Neutral Sentiment: CEO Charles Lacey Compton III sold 11,198 shares for approximately $276,000 on August 19, following an earlier sale of 34,552 shares. CTO Artur Bergman also sold 64,074 shares for about $1.71 million across August 18–19. These trades were made under pre-arranged Rule 10b5-1 plans, making them less reliable as signals of management’s current outlook. Fastly Insider Selling Alert
• Negative Sentiment: Fastly’s CFO Richard Wong sold 148,015 shares worth approximately $4.23 million, reducing his direct ownership by nearly 12%. Insider Scott R. Lovett sold an additional 14,936 shares for about $427,000. The concentration of sales by senior executives—roughly $7.8 million in reported transactions—could weigh on investor confidence despite the 10b5-1 plans. Fastly CFO SEC Filing
• Negative Sentiment: Shares recently fell after a report that Anthropic’s expected IPO could rival or exceed SpaceX’s record debut. The news renewed concerns that large AI companies could capture technology spending and investor attention, increasing competitive pressure on software and edge-cloud providers such as Fastly. Why Fastly Shares Are Falling Today

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. AXQ Capital LP acquired a new stake in Fastly in the second quarter valued at $534,000. Nykredit A S acquired a new position in shares of Fastly during the 2nd quarter worth $77,000. Wellington Management Group LLP acquired a new position in shares of Fastly during the 2nd quarter worth $8,696,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Fastly in the 2nd quarter valued at about $72,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Fastly in the 2nd quarter valued at about $812,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FSLY shares. Canaccord Genuity Group began coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Piper Sandler raised their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada boosted their price target on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Finally, Raymond James Financial reissued an “outperform” rating and set a $29.00 price target on shares of Fastly in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.