Fastly (NASDAQ:FSLY) CFO Sells $1,148,514.84 in Stock

Fastly, Inc. (NASDAQ:FSLY) CFO Richard Wong sold 47,676 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $24.09, for a total value of $1,148,514.84. Following the sale, the chief financial officer directly owned 1,043,610 shares of the company’s stock, valued at approximately $25,140,564.90. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Richard Wong also recently made the following trade(s):

• On Tuesday, August 18th, Richard Wong sold 148,015 shares of Fastly stock. The stock was sold at an average price of $28.61, for a total transaction of $4,234,709.15.

Fastly Trading Up 0.3%

NASDAQ:FSLY traded up $0.06 during midday trading on Tuesday, reaching $23.00. 3,489,105 shares of the stock traded hands, compared to its average volume of 9,635,057. The stock has a market capitalization of $3.66 billion, a P/E ratio of -43.40 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. The company has a fifty day moving average of $21.31 and a 200 day moving average of $21.44. Fastly, Inc. has a 12 month low of $7.05 and a 12 month high of $34.82.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million for 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, research analysts predict that Fastly, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

FSLY has been the topic of several research analyst reports. 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 on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. KeyCorp boosted their price objective on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Finally, 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 report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FSLY. EverSource Wealth Advisors LLC boosted its position in shares of Fastly by 39.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after purchasing an additional 627 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Fastly by 8.4% during the fourth quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company’s stock valued at $122,000 after buying an additional 930 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in shares of Fastly by 13.8% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after buying an additional 1,465 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Fastly in the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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.