Fastly (NASDAQ:FSLY) CEO Sells $208,089.28 in Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 9,016 shares of Fastly stock in a transaction on Monday, October 19th. The shares were sold at an average price of $23.08, for a total value of $208,089.28. Following the sale, the chief executive officer directly owned 831,500 shares of the company’s stock, valued at approximately $19,191,020. The trade was a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 Friday, October 16th, Charles Compton, III sold 11,433 shares of Fastly stock. The stock was sold at an average price of $24.90, for a total value of $284,681.70.
• On Monday, September 14th, Charles Compton, III sold 50,392 shares of Fastly stock. The stock was sold at an average price of $24.93, for a total value of $1,256,272.56.
• 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 value 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 value 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 value 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 shares were 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 shares were 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 stock was sold at an average price of $25.00, for a total value of $371,700.00.

Fastly Trading Down 3.6%

Shares of FSLY opened at $22.45 on Friday. The firm’s 50 day moving average price is $24.45 and its 200 day moving average price is $22.38. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a twelve month low of $7.87 and a twelve month high of $34.82.

Fastly (NASDAQ:FSLY) last posted its earnings results 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. The firm had revenue of $183.32 million during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts forecast that Fastly, Inc. will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSLY. Bank of America Corp DE raised its stake in shares of Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after buying an additional 692,459 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Fastly during the 1st quarter worth about $1,951,000. Range Financial Group LLC bought a new position in shares of Fastly during the 1st quarter worth about $1,667,000. Castleark Management LLC acquired a new stake in shares of Fastly during the 1st quarter valued at about $5,164,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Fastly during the 2nd quarter valued at about $8,696,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FSLY. Freedom Broker lifted their price objective on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Friday, October 9th. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Evercore restated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Fastly has an average rating of “Hold” and an average target price of $27.42.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.