Fastly (NYSE:FSLY) CEO Sells $188,794.65 in Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 18,455 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total transaction of $188,794.65. Following the transaction, the chief executive officer owned 640,858 shares of the company’s stock, valued at approximately $6,555,977.34. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles Lacey Compton III also recently made the following trade(s):

• On Thursday, October 16th, Charles Lacey Compton III sold 11,378 shares of Fastly stock. The shares were sold at an average price of $8.41, for a total transaction of $95,688.98.
• On Wednesday, September 3rd, Charles Lacey Compton III sold 2,954 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total transaction of $22,007.30.

Fastly Stock Down 3.2%

Shares of FSLY traded down $0.35 during midday trading on Thursday, hitting $10.55. 3,941,104 shares of the company’s stock traded hands, compared to its average volume of 3,116,614. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $12.54. The firm’s fifty day moving average is $8.95 and its 200-day moving average is $7.81. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -10.99 and a beta of 1.21.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The firm had revenue of $158.22 million for the quarter, compared to the consensus estimate of $151.04 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. As a group, sell-side analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Piper Sandler raised their price target on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Royal Bank Of Canada lifted their price objective on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Citigroup upped their target price on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, Craig Hallum raised Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fastly has a consensus rating of “Hold” and an average price target of $10.36.

Institutional Investors Weigh In On Fastly

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new position in Fastly in the third quarter valued at approximately $61,864,000. Divisadero Street Capital Management LP purchased a new stake in Fastly during the third quarter worth $21,174,000. Marshall Wace LLP grew its position in Fastly by 115.2% during the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock valued at $23,899,000 after buying an additional 1,811,935 shares during the period. Balyasny Asset Management L.P. grew its position in Fastly by 3,941.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock valued at $9,383,000 after buying an additional 1,296,119 shares during the period. Finally, Algert Global LLC increased its holdings in Fastly by 288.8% in the third quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock valued at $13,011,000 after buying an additional 1,130,293 shares in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.