Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells $51,716.28 in Stock

Key Points

• Fastly CEO Charles Compton III sold 2,436 shares at an average price of $21.23, generating $51,716.28. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, and he retained 902,341 shares.
• Fastly recently beat quarterly expectations, reporting $0.15 in earnings per share versus the $0.07 consensus estimate and revenue of $183.32 million versus $173.94 million expected.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $25.33, compared with the stock’s reported price of $22.71. Institutional investors own approximately 79.71% of the company.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 2,436 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $21.23, for a total transaction of $51,716.28. Following the completion of the transaction, the chief executive officer directly owned 902,341 shares of the company's stock, valued at $19,156,699.43. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 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 shares were 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 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 Performance

NASDAQ:FSLY remained flat at $22.71 during mid-day trading on Thursday. 6,145,749 shares of the company traded hands, compared to its average volume of 9,318,826. Fastly, Inc. has a twelve month low of $7.43 and a twelve month high of $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market cap of $3.62 billion, a PE ratio of -42.85 and a beta of 0.36. The stock has a fifty day simple moving average of $22.42 and a 200 day simple moving average of $22.18.

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, topping analysts' consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million for 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, equities analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Freedom Capital upgraded Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. Royal Bank Of Canada lifted their price objective on shares of Fastly from $22.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Evercore reiterated an "outperform" rating on shares of Fastly in a report on Thursday, August 6th. KeyCorp increased their price objective on shares of Fastly from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, 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 note on Thursday, August 6th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $25.33.

Institutional Investors Weigh In On Fastly

Institutional investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. increased its position in shares of Fastly by 2,795.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock worth $48,754,000 after purchasing an additional 4,623,767 shares during the period. First Trust Advisors LP lifted its position in 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 purchasing an additional 3,524,763 shares during the period. California State Teachers Retirement System grew its stake in Fastly by 1,683.4% during the second quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company's stock worth $53,844,000 after buying an additional 2,768,234 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Fastly by 3,941.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company's stock worth $9,383,000 after buying an additional 1,296,119 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Fastly in the 4th quarter valued at about $11,657,000. 79.71% of the stock is currently owned by institutional investors.

About Fastly

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.

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