Fastly (NYSE:FSLY) CEO Charles Lacey Compton III Sells 4,638 Shares

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 4,638 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $8.81, for a total transaction of $40,860.78. Following the completion of the sale, the chief executive officer owned 612,232 shares of the company’s stock, valued at $5,393,763.92. This trade represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, January 16th, Charles Lacey Compton III sold 9,044 shares of Fastly stock. The shares were sold at an average price of $9.07, for a total value of $82,029.08.
• On Tuesday, November 18th, Charles Lacey Compton III sold 18,455 shares of Fastly stock. The stock was sold at an average price of $10.23, for a total transaction of $188,794.65.

Fastly Stock Up 1.6%

Shares of FSLY stock traded up $0.14 during trading hours on Wednesday, hitting $8.92. 2,134,055 shares of the company were exchanged, compared to its average volume of 3,231,004. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.59. The business’s 50-day simple moving average is $10.50 and its two-hundred day simple moving average is $8.79. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.29 and a beta of 0.98.

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

Wall Street Analyst Weigh In

FSLY has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a research note on Monday, January 5th. Wall Street Zen raised shares of Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Piper Sandler increased their target price on shares of Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Finally, Citigroup dropped their price objective on Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fastly currently has an average rating of “Hold” and a consensus price target of $10.64.

Hedge Funds Weigh In On Fastly

A number of institutional investors have recently bought and sold shares of FSLY. Arizona State Retirement System lifted its holdings in Fastly by 3.2% in 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. Parallax Volatility Advisers L.P. boosted its position in shares of Fastly by 13.8% during the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after purchasing an additional 1,465 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Fastly by 12.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,433 shares of the company’s stock valued at $137,000 after buying an additional 2,210 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in Fastly by 3.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 79,221 shares of the company’s stock worth $806,000 after purchasing an additional 2,860 shares during the period. Finally, Savant Capital LLC grew its stake in shares of Fastly by 27.6% in the 3rd quarter. Savant Capital LLC now owns 18,721 shares of the company’s stock worth $160,000 after buying an additional 4,051 shares during the last quarter. 79.71% of the stock is owned by institutional investors.

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.