Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 9,458 Shares

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 9,458 shares of Fastly stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $20.42, for a total transaction of $193,132.36. Following the sale, the chief executive officer directly owned 904,777 shares of the company’s stock, valued at $18,475,546.34. The trade was a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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 transaction of $1,188,834.81.
• On Monday, August 31st, Charles Compton, III sold 15,028 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $345,644.00.
• On Wednesday, August 19th, Charles Compton, III sold 11,198 shares of Fastly stock. The stock was sold at an average price of $24.69, for a total transaction of $276,478.62.
• On Tuesday, August 18th, Charles Compton, III sold 34,552 shares of Fastly stock. The stock was 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 shares were sold at an average price of $25.00, for a total value of $371,700.00.

Fastly Price Performance

Shares of NASDAQ FSLY opened at $20.59 on Friday. The firm has a market cap of $3.28 billion, a P/E ratio of -38.85 and a beta of 0.36. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 1-year low of $7.28 and a 1-year high of $34.82. The business’s 50 day moving average is $22.22 and its 200-day moving average is $22.08.

Fastly (NASDAQ:FSLY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to analysts’ expectations 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. Equities research analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FSLY. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price target on shares of Fastly in a research report on Thursday, August 6th. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective for the company. Evercore reissued an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Finally, Royal Bank Of Canada increased their target price on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. 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, Fastly presently has a consensus rating of “Hold” and an average price target of $25.33.

Institutional Trading of Fastly

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after purchasing an additional 692,459 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Fastly during the first quarter worth about $1,951,000. Castleark Management LLC bought a new position in Fastly in the 1st quarter valued at about $5,164,000. Range Financial Group LLC bought a new position in Fastly in the 1st quarter valued at about $1,667,000. Finally, Vanguard Group Inc. increased its holdings in Fastly by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock valued at $172,825,000 after buying an additional 310,234 shares during the period. 79.71% of the stock is currently 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.