Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 11,433 Shares of Stock

Key Points

• Fastly CEO Charles Compton III sold 11,433 shares at an average price of $24.90, generating $284,681.70. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 1.34% to 840,516 shares.
• The CEO has made several additional sales in recent months, including 9,016 shares on October 19 and larger transactions in September and August, indicating a pattern of insider selling.
• Fastly shares recently traded at $22.07, while analysts maintain a consensus “Hold” rating with an average price target of $27.42. The company’s latest quarterly results exceeded earnings and revenue estimates, though it continues to report negative net margins.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 11,433 shares of Fastly stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $24.90, for a total transaction of $284,681.70. Following the transaction, the chief executive officer directly owned 840,516 shares in the company, valued at $20,928,848.40. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Monday, October 19th, Charles Compton, III sold 9,016 shares of Fastly stock. The stock was sold at an average price of $23.08, for a total value of $208,089.28.
• On Monday, September 14th, Charles Compton, III sold 50,392 shares of Fastly stock. The shares were sold at an average price of $24.93, for a total value of $1,256,272.56.
• On Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The stock was sold at an average price of $21.23, for a total transaction 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 transaction 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 shares were 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 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 transaction of $371,700.00.

Fastly Stock Performance

Shares of NASDAQ:FSLY traded down $0.92 on Tuesday, hitting $22.07. 3,508,635 shares of the company were exchanged, compared to its average volume of 9,076,483. The firm has a market capitalization of $3.52 billion, a P/E ratio of -41.64 and a beta of 0.31. The stock's 50 day moving average price is $24.84 and its 200 day moving average price is $22.60. Fastly, Inc. has a 1-year low of $7.87 and a 1-year high of $34.82. 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 (NASDAQ:FSLY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The firm had revenue of $183.32 million during the quarter, compared to analyst estimates 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 predict that Fastly, Inc. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FSLY shares. Weiss Ratings restated a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. Piper Sandler raised their target price on Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. DA Davidson upped their price objective on shares of Fastly from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, September 23rd. Evercore reaffirmed an "outperform" rating on shares of Fastly in a research report on Wednesday, September 23rd. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Fastly in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Fastly has an average rating of "Hold" and a consensus price target of $27.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP grew its position in Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock valued at $204,349,000 after buying an additional 3,524,763 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Fastly by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company's stock worth $79,620,000 after acquiring an additional 11,022 shares during the period. Bank of America Corp DE boosted its holdings in shares of 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 acquiring an additional 692,459 shares in the last quarter. SG Americas Securities LLC raised its holdings in Fastly by 90.7% during the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company's stock worth $19,918,000 after purchasing an additional 326,087 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Fastly in the second quarter valued at about $8,696,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

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.

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