Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 9,458 Shares

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 9,458 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $20.42, for a total value of $193,132.36. Following the sale, the chief executive officer directly owned 904,777 shares of the company’s stock, valued at $18,475,546.34. This represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Tuesday, September 1st, Charles Compton, III sold 55,579 shares of Fastly stock. The stock was sold at an average price of $21.39, for a total transaction of $1,188,834.81.
• On Monday, August 31st, Charles Compton, III sold 15,028 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $345,644.00.
• On Wednesday, August 19th, Charles Compton, III sold 11,198 shares of Fastly stock. The shares were sold at an average price of $24.69, for a total transaction of $276,478.62.
• On Tuesday, August 18th, Charles Compton, III sold 34,552 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total transaction of $988,187.20.
• On Tuesday, August 4th, Charles Compton, III sold 14,868 shares of Fastly stock. The shares were sold at an average price of $25.00, for a total value of $371,700.00.

Fastly Trading Down 2.5%

Shares of FSLY stock traded down $0.53 on Friday, reaching $20.59. 2,420,108 shares of the stock were exchanged, compared to its average volume of 9,349,658. The stock has a market cap of $3.28 billion, a PE ratio of -38.85 and a beta of 0.36. Fastly, Inc. has a one year low of $7.28 and a one year high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The stock has a 50 day moving average price of $22.15 and a 200 day moving average price of $22.09.

Fastly (NASDAQ:FSLY) last posted its quarterly 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 for the quarter, compared to analysts’ expectations 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. Equities research analysts forecast that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Fastly

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in Fastly by 84.6% during the 1st 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. Caitong International Asset Management Co. Ltd acquired a new position in shares of Fastly in the fourth quarter valued at approximately $41,000. Align Financial LLC acquired a new position in shares of Fastly in the fourth quarter valued at approximately $41,000. Sound Income Strategies LLC bought a new stake in shares of Fastly during the first quarter worth $44,000. Finally, Quarry LP bought a new stake in shares of Fastly during the third quarter worth $49,000. Institutional investors own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FSLY shares. Royal Bank Of Canada increased their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Evercore reissued an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Citigroup raised their price target on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Piper Sandler lifted their price objective on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.