Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells $51,716.28 in Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 2,436 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $21.23, for a total value of $51,716.28. Following the sale, the chief executive officer owned 902,341 shares of the company’s stock, valued at $19,156,699.43. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 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 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 shares were 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 transaction of $371,700.00.

Fastly Price Performance

Shares of NASDAQ FSLY remained flat at $22.71 during midday trading on Thursday. 6,145,749 shares of the company’s stock were exchanged, compared to its average volume of 9,318,826. The company’s 50 day moving average price is $22.42 and its 200-day moving average price is $22.18. The stock has a market capitalization of $3.62 billion, a PE ratio of -42.85 and a beta of 0.36. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 12-month low of $7.43 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 for the quarter, beating the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The company had revenue of $183.32 million for the quarter, compared to the consensus estimate 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. On average, equities research analysts anticipate that Fastly, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price on the stock. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. KeyCorp increased their price objective on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Piper Sandler raised their target price on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fastly presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSLY. IFP Advisors Inc increased its position in shares of Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after buying an additional 1,346 shares during the period. PNC Financial Services Group Inc. boosted its position in Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after acquiring an additional 633 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Fastly during the 4th quarter worth about $41,000. Align Financial LLC bought a new position in shares of Fastly in the 4th quarter worth about $41,000. Finally, Sound Income Strategies LLC bought a new position in shares of Fastly in the 1st quarter worth about $44,000. 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.