Fastly (NASDAQ:FSLY) CFO Sells $4,234,709.15 in Stock

Fastly, Inc. (NASDAQ:FSLY) CFO Richard Wong sold 148,015 shares of Fastly stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $28.61, for a total value of $4,234,709.15. Following the sale, the chief financial officer directly owned 1,091,286 shares in the company, valued at $31,221,692.46. This trade represents a 11.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Fastly Stock Up 9.9%

NASDAQ FSLY opened at $24.95 on Friday. Fastly, Inc. has a 12 month low of $7.05 and a 12 month high of $34.82. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.97 billion, a PE ratio of -47.08 and a beta of 0.34. The stock’s 50 day moving average is $21.22 and its 200 day moving average is $21.26.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (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. Research analysts predict that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s latest quarterly results were stronger than expected. The company reported $0.15 in EPS versus the $0.07 consensus estimate and revenue of $183.32 million versus expectations of $173.94 million. Management also provided fiscal 2026 EPS guidance of $0.50 to $0.54, supporting the investment case for an improving edge-cloud business. Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
• Neutral Sentiment: CEO Charles Lacey Compton III sold 11,198 shares for approximately $276,000 on August 19, following an earlier sale of 34,552 shares. CTO Artur Bergman also sold 64,074 shares for about $1.71 million across August 18–19. These trades were made under pre-arranged Rule 10b5-1 plans, making them less reliable as signals of management’s current outlook. Fastly Insider Selling Alert
• Negative Sentiment: Fastly’s CFO Richard Wong sold 148,015 shares worth approximately $4.23 million, reducing his direct ownership by nearly 12%. Insider Scott R. Lovett sold an additional 14,936 shares for about $427,000. The concentration of sales by senior executives—roughly $7.8 million in reported transactions—could weigh on investor confidence despite the 10b5-1 plans. Fastly CFO SEC Filing
• Negative Sentiment: Shares recently fell after a report that Anthropic’s expected IPO could rival or exceed SpaceX’s record debut. The news renewed concerns that large AI companies could capture technology spending and investor attention, increasing competitive pressure on software and edge-cloud providers such as Fastly. Why Fastly Shares Are Falling Today

Institutional Investors Weigh In On Fastly

A number of hedge funds have recently bought and sold shares of FSLY. EverSource Wealth Advisors LLC lifted its position in Fastly by 39.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after purchasing an additional 627 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after buying an additional 633 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Fastly by 8.4% in the 4th quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company’s stock worth $122,000 after buying an additional 930 shares during the last quarter. Parallax Volatility Advisers L.P. raised its position in shares of Fastly by 13.8% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after buying an additional 1,465 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Fastly during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on FSLY shares. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Freedom Capital raised Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 target price on shares of Fastly in a research report on Thursday, August 6th. Finally, Citigroup increased their price target on Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One equities 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 stock presently has an average rating of “Hold” and an average target price of $25.33.

Fastly Company Profile

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.