Fastly (NASDAQ:FSLY) CEO Sells $51,716.28 in Stock

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 2,436 shares of Fastly stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $21.23, for a total value of $51,716.28. Following the sale, the chief executive officer directly owned 902,341 shares in the company, valued at approximately $19,156,699.43. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, September 2nd, Charles Compton, III sold 9,458 shares of Fastly stock. The shares were 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 stock was 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 stock was 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 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 Stock Performance

FSLY opened at $23.16 on Friday. The stock’s 50 day simple moving average is $22.61 and its 200-day simple moving average is $22.22. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.69 billion, a PE ratio of -43.70 and a beta of 0.36. Fastly, Inc. has a 1 year low of $7.62 and a 1 year high of $34.82.

Fastly (NASDAQ:FSLY) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Sell-side analysts forecast that Fastly, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FSLY shares. Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price on the stock. Piper Sandler increased their price target on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. KeyCorp lifted their price objective on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price objective on shares of Fastly in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.33.

Institutional Investors Weigh In On Fastly

Several institutional investors and hedge funds have recently made changes to their positions in FSLY. Integrated Wealth Concepts LLC acquired a new stake in shares of Fastly during the 2nd quarter worth about $48,000. IFP Advisors Inc lifted its holdings in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock valued at $26,000 after purchasing an additional 1,346 shares during the last quarter. Spark Investment Management LLC acquired a new position in Fastly in the second quarter valued at about $340,000. Nykredit A S bought a new stake in Fastly during the second quarter worth about $77,000. Finally, California State Teachers Retirement System grew its stake in Fastly by 1,683.4% during the second quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company’s stock worth $53,844,000 after buying an additional 2,768,234 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.