Insider Selling: Fastly (NASDAQ:FSLY) CFO Sells $1,148,514.84 in Stock

Fastly, Inc. (NASDAQ:FSLY) CFO Richard Wong sold 47,676 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $24.09, for a total transaction of $1,148,514.84. Following the sale, the chief financial officer owned 1,043,610 shares of the company’s stock, valued at $25,140,564.90. This trade represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Richard Wong also recently made the following trade(s):

• On Tuesday, August 18th, Richard Wong sold 148,015 shares of Fastly stock. The shares were sold at an average price of $28.61, for a total value of $4,234,709.15.

Fastly Stock Up 5.8%

FSLY opened at $24.64 on Friday. The business has a 50 day moving average price of $21.67 and a two-hundred day moving average price of $21.77. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.93 billion, a PE ratio of -46.49 and a beta of 0.34. Fastly, Inc. has a 52 week low of $7.05 and a 52 week high of $34.82.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million for the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.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, research analysts anticipate that Fastly, Inc. will post -0.29 EPS for the current year.

Institutional Trading of Fastly

A number of institutional investors have recently modified their holdings of FSLY. PNC Financial Services Group Inc. grew its holdings in Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after acquiring an additional 633 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Fastly in the fourth quarter valued at $41,000. Align Financial LLC acquired a new stake in Fastly in the fourth quarter valued at $41,000. Sound Income Strategies LLC acquired a new stake in Fastly in the first quarter valued at $44,000. Finally, Quarry LP purchased a new stake in shares of Fastly during the 3rd quarter worth $49,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FSLY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Evercore restated an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Canaccord Genuity Group initiated coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. Citigroup lifted their target price on shares of Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, KeyCorp boosted their price target on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.