Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 9,016 Shares of Company Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 9,016 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $23.08, for a total value of $208,089.28. Following the transaction, the chief executive officer directly owned 831,500 shares in the company, valued at approximately $19,191,020. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Friday, October 16th, Charles Compton, III sold 11,433 shares of Fastly stock. The stock was sold at an average price of $24.90, for a total value of $284,681.70.
• On Monday, September 14th, Charles Compton, III sold 50,392 shares of Fastly stock. The shares were sold at an average price of $24.93, for a total value of $1,256,272.56.
• On Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The shares were sold at an average price of $21.23, for a total value of $51,716.28.
• On Wednesday, September 2nd, Charles Compton, III sold 9,458 shares of Fastly stock. The shares were sold at an average price of $20.42, for a total value of $193,132.36.
• 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 value 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 value of $345,644.00.
• On Wednesday, August 19th, Charles Compton, III sold 11,198 shares of Fastly stock. The stock was sold at an average price of $24.69, for a total value 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 value 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 transaction of $371,700.00.

Fastly Stock Performance

NASDAQ FSLY opened at $22.07 on Wednesday. The company has a fifty day simple moving average of $24.71 and a 200 day simple moving average of $22.53. Fastly, Inc. has a 12-month low of $7.87 and a 12-month 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.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The business had revenue of $183.32 million during the quarter, compared to analyst estimates of $173.94 million. 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, sell-side analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fastly

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after acquiring an additional 419 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after acquiring an additional 627 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 acquiring an additional 633 shares during the last quarter. Cim Investment Management Inc. grew its stake in shares of Fastly by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 10,816 shares of the company’s stock worth $199,000 after acquiring an additional 747 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Fastly by 1,621.7% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after acquiring an additional 1,346 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $25.00 target price on shares of Fastly in a report on Wednesday, September 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. Freedom Broker lifted their price target on Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Finally, DA Davidson lifted their price target on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.42.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.