Insider Selling: Fastly (NYSE:FSLY) CEO Sells 18,455 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 18,455 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $10.23, for a total transaction of $188,794.65. Following the completion of the sale, the chief executive officer directly owned 640,858 shares of the company’s stock, valued at approximately $6,555,977.34. The trade was a 2.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Charles Lacey Compton III also recently made the following trade(s):

• On Thursday, October 16th, Charles Lacey Compton III sold 11,378 shares of Fastly stock. The shares were sold at an average price of $8.41, for a total value of $95,688.98.
• On Wednesday, September 3rd, Charles Lacey Compton III sold 2,954 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total value of $22,007.30.

Fastly Trading Down 3.2%

Shares of FSLY stock traded down $0.35 on Thursday, reaching $10.55. 3,941,104 shares of the company’s stock were exchanged, compared to its average volume of 3,116,614. The company’s fifty day simple moving average is $8.95 and its 200 day simple moving average is $7.81. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.54. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.58 billion, a PE ratio of -10.99 and a beta of 1.21.

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The business had revenue of $158.22 million for the quarter, compared to analyst estimates of $151.04 million. During the same quarter last year, the firm posted $0.02 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. As a group, analysts forecast that Fastly, Inc. will post -0.78 EPS for the current year.

Hedge Funds Weigh In On Fastly

A number of large investors have recently bought and sold shares of FSLY. Arizona State Retirement System lifted its holdings in Fastly by 3.2% during the third quarter. Arizona State Retirement System now owns 40,705 shares of the company’s stock worth $348,000 after buying an additional 1,253 shares during the period. Vident Advisory LLC raised its position in shares of Fastly by 4.4% in the 1st quarter. Vident Advisory LLC now owns 34,316 shares of the company’s stock worth $217,000 after acquiring an additional 1,438 shares in the last quarter. Parallax Volatility Advisers L.P. raised its position in shares of Fastly by 13.8% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock worth $103,000 after acquiring an additional 1,465 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Fastly by 6.1% during the 1st quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock worth $175,000 after purchasing an additional 1,612 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Fastly by 0.9% during the first quarter. Federated Hermes Inc. now owns 211,638 shares of the company’s stock valued at $1,340,000 after purchasing an additional 1,988 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

FSLY has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, August 7th. Wall Street Zen raised shares of Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Oppenheimer started coverage on Fastly in a research note on Monday. They issued a “market perform” rating on the stock. Finally, DA Davidson lifted their target price on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.36.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.