Charles Lacey Compton III Sells 55,579 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Lacey Compton III sold 55,579 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $21.39, for a total value of $1,188,834.81. Following the completion of the transaction, the chief executive officer directly owned 914,235 shares in the company, valued at approximately $19,555,486.65. This represents a 5.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Monday, August 31st, Charles Lacey 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 Lacey 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 Lacey 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 Lacey 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 traded down $0.34 during mid-day trading on Wednesday, reaching $20.43. 3,560,297 shares of the company’s stock were exchanged, compared to its average volume of 9,424,438. Fastly, Inc. has a one year low of $7.05 and a one year high of $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The business’s fifty day simple moving average is $21.97 and its two-hundred day simple moving average is $22.04. The firm has a market capitalization of $3.25 billion, a PE ratio of -38.55 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last posted 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 firm had revenue of $183.32 million during 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. Analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Royal Bank Of Canada raised their price target on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Piper Sandler raised their price target on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Freedom Capital raised Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Canaccord Genuity Group assumed coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.33.

Hedge Funds Weigh In On Fastly

Several hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in shares of 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 buying an additional 633 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Fastly in the fourth quarter valued at about $41,000. Align Financial LLC bought a new position in Fastly in the fourth quarter valued at about $41,000. Sound Income Strategies LLC acquired a new position in Fastly during the first quarter worth about $44,000. Finally, Quarry LP acquired a new position in Fastly during the third quarter worth about $49,000. 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.