Fastly (NASDAQ:FSLY) Stock: Insider Charles Lacey Compton III Sells 9,016 Shares

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 9,016 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $23.08, for a total transaction of $208,089.28. Following the sale, the chief executive officer directly owned 831,500 shares of the company’s stock, valued at approximately $19,191,020. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Friday, October 16th, Charles Compton, III sold 11,433 shares of Fastly stock. The stock was sold at an average price of $24.90, for a total transaction of $284,681.70.
• On Monday, September 14th, Charles Compton, III sold 50,392 shares of Fastly stock. The stock was sold at an average price of $24.93, for a total transaction of $1,256,272.56.
• On Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The shares were sold at an average price of $21.23, for a total value of $51,716.28.
• 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 stock was 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 stock was 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 $23.30 on Thursday. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 12 month low of $7.87 and a 12 month high of $34.82. The business has a fifty day simple moving average of $24.60 and a 200-day simple moving average of $22.46.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million for 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. On average, research analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

Several institutional investors and hedge funds have recently bought and sold shares of FSLY. Range Financial Group LLC increased its holdings in shares of Fastly by 15.4% in the 3rd quarter. Range Financial Group LLC now owns 88,747 shares of the company’s stock valued at $2,278,000 after purchasing an additional 11,814 shares during the period. Perpetual Ltd acquired a new stake in shares of Fastly during the third quarter worth approximately $240,000. GK Wealth Management LLC acquired a new stake in shares of Fastly during the third quarter worth approximately $70,000. GAMMA Investing LLC grew its position in Fastly by 38.4% during the third quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after purchasing an additional 419 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in Fastly during the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLY has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Freedom Broker boosted their target price on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Friday, October 9th. Bank of America increased their target price on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.42.

About Fastly

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.