Fastly (NASDAQ:FSLY) CEO Charles Lacey Compton III Sells 50,392 Shares

Key Points

• Fastly CEO Charles Compton III sold 50,392 shares at an average price of $24.93, totaling approximately $1.26 million. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan and reduced his direct holdings by 5.58%.
• Fastly shares fell 3.1% to $23.55, while the company’s latest quarterly results exceeded expectations with adjusted earnings of $0.15 per share and revenue of $183.32 million.
• Institutional investors own approximately 79.71% of Fastly, and analysts maintain a consensus “Hold” rating with an average price target of $25.33.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 50,392 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $24.93, for a total value of $1,256,272.56. Following the completion of the sale, the chief executive officer directly owned 851,949 shares of the company's stock, valued at approximately $21,239,088.57. This represents a 5.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 stock was 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 shares were 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 Trading Down 3.1%

Shares of Fastly stock traded down $0.75 on Wednesday, hitting $23.55. The stock had a trading volume of 3,517,082 shares, compared to its average volume of 9,236,079. 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 one year low of $7.74 and a one year high of $34.82. The stock's 50-day simple moving average is $22.85 and its two-hundred day simple moving average is $22.35. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -44.43 and a beta of 0.36.

Fastly (NASDAQ:FSLY - Get Free Report) last announced its quarterly 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. The business had revenue of $183.32 million during the quarter, compared to analysts' expectations of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, sell-side analysts predict that Fastly, Inc. will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Fastly

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its stake in shares of Fastly by 100.5% in the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock worth $204,349,000 after acquiring an additional 3,524,763 shares during the period. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 11,022 shares during the period. Bank of America Corp DE raised its stake in Fastly by 120.0% during the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company's stock valued at $36,888,000 after buying an additional 692,459 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Fastly by 90.7% during the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company's stock valued at $19,918,000 after buying an additional 326,087 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Fastly in the 2nd quarter worth $8,696,000. Institutional investors own 79.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FSLY. Raymond James Financial restated an "outperform" rating and set a $29.00 price target on shares of Fastly in a report on Thursday, August 6th. Piper Sandler raised their target price 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. Freedom Capital raised shares of Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. Evercore reiterated an "outperform" rating on shares of Fastly in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada upped their target price on Fastly from $22.00 to $28.00 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.33.

Fastly Company Profile

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.

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