Charles Lacey Compton III Sells 11,275 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 11,275 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $16.48, for a total value of $185,812.00. Following the completion of the transaction, the chief executive officer owned 1,088,286 shares of the company’s stock, valued at approximately $17,934,953.28. This represents a 1.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Monday, May 18th, Charles Lacey Compton III sold 34,334 shares of Fastly stock. The stock was sold at an average price of $16.85, for a total transaction of $578,527.90.
• On Friday, April 17th, Charles Lacey Compton III sold 7,059 shares of Fastly stock. The shares were sold at an average price of $24.57, for a total transaction of $173,439.63.
• On Thursday, April 16th, Charles Lacey Compton III sold 22,474 shares of Fastly stock. The shares were sold at an average price of $24.33, for a total transaction of $546,792.42.
• On Thursday, March 5th, Charles Lacey Compton III sold 36,694 shares of Fastly stock. The stock was sold at an average price of $20.69, for a total transaction of $759,198.86.
• On Wednesday, March 4th, Charles Lacey Compton III sold 73,206 shares of Fastly stock. The shares were sold at an average price of $20.94, for a total transaction of $1,532,933.64.
• On Thursday, February 19th, Charles Lacey Compton III sold 14,797 shares of Fastly stock. The shares were sold at an average price of $18.88, for a total transaction of $279,367.36.

Fastly Stock Down 4.2%

FSLY stock opened at $16.40 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50 day simple moving average is $25.03 and its 200-day simple moving average is $16.60. Fastly, Inc. has a 12 month low of $6.29 and a 12 month high of $34.82. The firm has a market capitalization of $2.57 billion, a PE ratio of -17.08 and a beta of 0.49.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s business momentum may be improving from AI-driven usage, with reports that compute-related revenues and “other revenues” are benefiting as customers adopt edge computing and LLM-ready features. Article Title
• Neutral Sentiment: Several Fastly executives disclosed stock sales over May 18-19, including CEO Charles Lacey Compton III, CFO Richard Wong, CTO Artur Bergman, and insider Scott R. Lovett. Some sales were made under pre-arranged Rule 10b5-1 plans, which limits concerns about timing, but the broad selling still adds uncertainty for investors. Article Title
• Negative Sentiment: The most recent headlines focus on insider selling by Fastly’s top leadership, which can pressure sentiment because investors may view it as reduced conviction in the stock near current levels, even though the trades were relatively modest compared with their remaining ownership. Article Title

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSLY. PNC Financial Services Group Inc. boosted its holdings in shares of 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 purchasing an additional 633 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Fastly in the first quarter valued at $44,000. EverSource Wealth Advisors LLC increased its stake in Fastly by 39.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after purchasing an additional 627 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Fastly during the fourth quarter worth about $41,000. Finally, Align Financial LLC purchased a new position in Fastly during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler dropped their price target on Fastly to $27.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. DA Davidson set a $13.00 price objective on Fastly in a research note on Thursday, February 12th. Evercore began coverage on Fastly in a research report on Tuesday, April 14th. They set an “outperform” rating and a $24.00 price objective for the company. Royal Bank Of Canada cut their target price on shares of Fastly to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, KeyCorp upped their target price on shares of Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Four 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.63.

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.