Fastly (NASDAQ:FSLY) CEO Sells 15,028 Shares

Key Points

• Fastly CEO Charles Lacey Compton III sold 15,028 shares at an average price of $23, generating $345,644 under a pre-arranged Rule 10b5-1 trading plan. He retained 969,814 shares, and has made several additional sales recently.
• Fastly shares fell 1.6% to $20.43, giving the company a market capitalization of approximately $3.25 billion. The stock has traded between $7.05 and $34.82 over the past year.
• Fastly exceeded quarterly expectations with adjusted EPS of $0.15 versus a $0.07 consensus estimate and revenue of $183.32 million, above the $173.94 million forecast. Analysts maintain a consensus “Hold” rating with a $25.33 price target.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Lacey Compton III sold 15,028 shares of Fastly stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $23.00, for a total value of $345,644.00. Following the sale, the chief executive officer owned 969,814 shares of the company's stock, valued at approximately $22,305,722. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Tuesday, September 1st, Charles Lacey 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 Wednesday, August 19th, Charles Lacey 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 Lacey Compton III sold 34,552 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total transaction of $988,187.20.
• On Tuesday, August 4th, Charles Lacey Compton III sold 14,868 shares of Fastly stock. The stock was sold at an average price of $25.00, for a total transaction of $371,700.00.

Fastly Stock Down 1.6%

NASDAQ FSLY traded down $0.34 during trading on Wednesday, hitting $20.43. 3,560,297 shares of the company traded hands, compared to its average volume of 9,424,438. Fastly, Inc. has a 12 month low of $7.05 and a 12 month high of $34.82. The business has a fifty day simple moving average of $21.97 and a 200 day simple moving average of $22.04. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.25 billion, a P/E ratio of -38.55 and a beta of 0.36.

Fastly (NASDAQ:FSLY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that Fastly, Inc. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FSLY. Canaccord Genuity Group began coverage on shares of Fastly in a report on Friday, July 17th. They issued a "buy" rating and a $27.00 target price on the stock. Royal Bank Of Canada upped their price target on shares of Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a report on Thursday, August 6th. Evercore reiterated an "outperform" rating on shares of Fastly in a research note on Thursday, August 6th. Piper Sandler boosted their price objective on Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Finally, Citigroup increased their target price on Fastly from $13.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.33.

Hedge Funds Weigh In On Fastly

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 627 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock valued at $40,000 after acquiring an additional 633 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Fastly by 8.4% in the fourth quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company's stock valued at $122,000 after acquiring an additional 930 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its holdings in shares of Fastly by 13.8% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company's stock worth $103,000 after acquiring an additional 1,465 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in Fastly during the 1st quarter worth approximately $44,000. 79.71% of the stock is owned by institutional investors.

Fastly Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source