Fastly (NYSE:FSLY) CEO Charles Lacey Compton III Sells 11,378 Shares

Key Points

• Fastly's CEO, Charles Lacey Compton III, sold 11,378 shares at an average price of $8.41, resulting in a total transaction value of $95,688.98, which decreased his ownership stake by 1.70%.
• Fastly's stock rose 5.5%, reaching $8.30, supported by a recent quarterly revenue increase of 12.3% year-over-year, totaling $148.71 million.
• The stock has received mixed ratings from analysts, with one "Buy," eight "Hold," and one "Sell," resulting in an average target price of $8.69 for Fastly shares.

Fastly, Inc. (NYSE:FSLY - Get Free Report) CEO Charles Lacey Compton III sold 11,378 shares of the business's stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $8.41, for a total transaction of $95,688.98. Following the completion of the sale, the chief executive officer directly owned 659,313 shares in the company, valued at approximately $5,544,822.33. This represents a 1.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Charles Lacey Compton III also recently made the following trade(s):

• On Wednesday, September 3rd, Charles Lacey Compton III sold 2,954 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total transaction of $22,007.30.
• On Monday, August 18th, Charles Lacey Compton III sold 15,335 shares of Fastly stock. The stock was sold at an average price of $6.88, for a total transaction of $105,504.80.

Fastly Stock Up 5.5%

Shares of FSLY stock traded up $0.44 during trading on Monday, reaching $8.30. The company's stock had a trading volume of 1,795,104 shares, compared to its average volume of 2,972,669. The business has a fifty day moving average price of $7.92 and a 200-day moving average price of $7.16. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -8.05 and a beta of 1.30. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.08.

Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Fastly had a negative net margin of 25.85% and a negative return on equity of 11.98%. The firm had revenue of $148.71 million for the quarter, compared to analyst estimates of $144.86 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently modified their holdings of the stock. Vident Advisory LLC boosted its stake in shares of Fastly by 4.4% during the 1st quarter. Vident Advisory LLC now owns 34,316 shares of the company's stock valued at $217,000 after buying an additional 1,438 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Fastly by 6.1% in the 1st quarter. Hsbc Holdings PLC now owns 27,938 shares of the company's stock valued at $175,000 after purchasing an additional 1,612 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Fastly by 12.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,852 shares of the company's stock valued at $113,000 after purchasing an additional 1,975 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Fastly by 0.9% in the 1st quarter. Federated Hermes Inc. now owns 211,638 shares of the company's stock valued at $1,340,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Fastly by 12.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,433 shares of the company's stock valued at $137,000 after purchasing an additional 2,210 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FSLY shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fastly in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Finally, Craig Hallum upgraded shares of Fastly from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Fastly presently has an average rating of "Hold" and an average target price of $8.69.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.

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