Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells $223,346.18 in Stock

Key Points

• Fastly CEO Charles Compton III sold 8,941 shares at an average price of $24.98, generating $223,346.18. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 1.08%.
• Fastly shares fell 1.2% to $27.03, while the company reported quarterly EPS of $0.15, exceeding analyst expectations of $0.07, and revenue of $183.32 million versus the $173.94 million estimate.
• Institutional investors own 79.71% of Fastly, and analyst sentiment is mixed: the stock carries an average rating of Hold with an average price target of $27.42.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 8,941 shares of the business's stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $24.98, for a total transaction of $223,346.18. Following the completion of the sale, the chief executive officer owned 822,559 shares of the company's stock, valued at approximately $20,547,523.82. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 transaction of $284,681.70.
• On Monday, September 14th, Charles Compton, III sold 50,392 shares of Fastly stock. The stock was 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 shares were 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 shares were 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 Stock Down 1.2%

Shares of FSLY traded down $0.34 during midday trading on Wednesday, reaching $27.03. 3,317,580 shares of the company were exchanged, compared to its average volume of 8,950,006. Fastly, Inc. has a 1-year low of $7.87 and a 1-year high of $34.82. The stock has a 50-day moving average price of $24.41 and a 200-day moving average price of $21.04. 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 cap of $4.31 billion, a price-to-earnings ratio of -51.00 and a beta of 0.31.

Fastly (NASDAQ:FSLY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to analyst estimates 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. Research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP grew its position in shares of Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock worth $204,349,000 after buying an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Fastly by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company's stock worth $79,620,000 after buying an additional 11,022 shares during the last quarter. Bank of America Corp DE raised its holdings in 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. Wellington Management Group LLP acquired a new stake in Fastly in the second quarter valued at $8,696,000. Finally, Swiss National Bank boosted its stake in Fastly by 1.8% during the 1st quarter. Swiss National Bank now owns 280,900 shares of the company's stock valued at $8,163,000 after acquiring an additional 4,900 shares during the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FSLY has been the subject of several recent research reports. KeyCorp reaffirmed an "overweight" rating and issued a $30.00 price objective on shares of Fastly in a research report on Friday, September 18th. Evercore reissued an "outperform" rating on shares of Fastly in a research report on Wednesday, September 23rd. DA Davidson boosted their target price on shares of Fastly from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 23rd. Piper Sandler upped their target price on shares of Fastly from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group started coverage on shares of Fastly in a report on Friday, July 17th. They set a "buy" rating and a $27.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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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