Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 50,392 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 50,392 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $24.93, for a total value of $1,256,272.56. Following the completion of the sale, the chief executive officer owned 851,949 shares of the company’s stock, valued at $21,239,088.57. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The stock was sold at an average price of $21.23, for a total transaction of $51,716.28.
• On Wednesday, September 2nd, Charles Compton, III sold 9,458 shares of Fastly stock. The stock was sold at an average price of $20.42, for a total transaction of $193,132.36.
• On Tuesday, September 1st, Charles Compton, III sold 55,579 shares of Fastly stock. The shares were 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 shares were 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 value of $371,700.00.

Fastly Trading Down 3.1%

FSLY opened at $23.54 on Thursday. Fastly, Inc. has a twelve month low of $7.74 and a twelve month high of $34.82. The company has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $22.39. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -44.42 and a beta of 0.36.

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, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to analyst estimates 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. Analysts predict that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Fastly

A number of institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in shares of Fastly during the 2nd quarter valued at $48,000. IFP Advisors Inc boosted its stake in 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 acquiring an additional 1,346 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Fastly in the second quarter worth $340,000. Nykredit A S acquired a new stake in Fastly in the second quarter worth $77,000. Finally, AlphaGrep UK Ltd bought a new stake in Fastly in the second quarter valued at $366,000. 79.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in 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 for the company. KeyCorp increased their price objective on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Evercore restated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Finally, Piper Sandler upped their price target on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.33.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.