Fastly (NASDAQ:FSLY) Stock: Insider Charles Lacey Compton III Sells 9,016 Shares

Key Points

• Fastly CEO Charles Compton III sold 9,016 shares at an average price of $23.08, generating $208,089.28. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 831,500 shares.
• Fastly shares fell 4.0% to $22.07, giving the company a market capitalization of approximately $3.52 billion. The stock has traded between $7.87 and $34.82 over the past year.
• Analysts have a consensus “Hold” rating and an average price target of $27.42, while the company’s latest quarterly results exceeded expectations for both earnings and revenue.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 9,016 shares of the firm's stock in a transaction on Monday, October 19th. The stock was sold at an average price of $23.08, for a total value of $208,089.28. Following the sale, the chief executive officer directly owned 831,500 shares in the company, valued at $19,191,020. The trade was a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Friday, October 16th, Charles Compton, III sold 11,433 shares of Fastly stock. The shares were sold at an average price of $24.90, for a total value of $284,681.70.
• 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 transaction of $1,256,272.56.
• 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 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 stock was sold at an average price of $21.39, for a total transaction 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 transaction 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 transaction 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 Down 4.0%

NASDAQ FSLY traded down $0.92 on Tuesday, reaching $22.07. The company had a trading volume of 3,508,635 shares, compared to its average volume of 9,076,483. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -41.64 and a beta of 0.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly, Inc. has a 1-year low of $7.87 and a 1-year high of $34.82. The company's fifty day moving average is $24.84 and its 200-day moving average is $22.60.

Fastly (NASDAQ:FSLY - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. The firm had revenue of $183.32 million during the quarter, compared to analysts' expectations 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. On average, research analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

A number of institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in Fastly by 1,621.7% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock valued at $26,000 after acquiring an additional 1,346 shares during the period. GAMMA Investing LLC increased its stake in Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company's stock worth $39,000 after acquiring an additional 419 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock valued at $40,000 after buying an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Fastly during the fourth quarter worth about $41,000. Finally, Sound Income Strategies LLC bought a new stake in Fastly during the 1st quarter worth $44,000. Institutional investors and hedge funds own 79.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FSLY shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. DA Davidson upped their price target on Fastly from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 23rd. Freedom Broker raised their price target on shares of Fastly from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, September 23rd. Oppenheimer upgraded shares of Fastly from a "market perform" rating to an "outperform" rating and set a $35.00 price objective on the stock in a report on Friday, October 9th. Finally, Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They issued a "buy" rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.42.

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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