Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells 9,458 Shares

Key Points

• Fastly CEO Charles Compton III sold 9,458 shares at an average price of $20.42, generating $193,132 in proceeds. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 1.03% to 904,777 shares.
• Fastly shares fell 2.5% to $20.59, while the company reported quarterly EPS of $0.15, beating estimates of $0.07, and revenue of $183.32 million versus expectations of $173.94 million.
• Analysts have a consensus “Hold” rating on FSLY, with an average price target of $25.33; institutional investors and hedge funds own approximately 79.71% of the stock.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 9,458 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $20.42, for a total transaction of $193,132.36. Following the sale, the chief executive officer directly owned 904,777 shares of the company's stock, valued at $18,475,546.34. The trade was a 1.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 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 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 stock was sold at an average price of $25.00, for a total value of $371,700.00.

Fastly Stock Down 2.5%

NASDAQ:FSLY traded down $0.53 during mid-day trading on Friday, reaching $20.59. The stock had a trading volume of 2,420,108 shares, compared to its average volume of 9,349,658. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of -38.85 and a beta of 0.36. Fastly, Inc. has a 1-year low of $7.28 and a 1-year high of $34.82. The stock's 50 day simple moving average is $22.15 and its two-hundred day simple moving average is $22.09.

Fastly (NASDAQ:FSLY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. The firm had revenue of $183.32 million for the quarter, compared to analysts' expectations 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. Equities analysts anticipate that Fastly, Inc. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSLY. Citigroup boosted their target price on shares of Fastly from $13.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Freedom Capital upgraded shares of Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fastly in a research report on Friday, August 7th. 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 report on Thursday, August 6th. Finally, KeyCorp raised their target price on shares of Fastly from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. One equities 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $25.33.

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its stake in Fastly by 1,683.4% in the 2nd quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company's stock worth $53,844,000 after acquiring an additional 2,768,234 shares in the last quarter. AlphaGrep UK Ltd bought a new position in Fastly during the second quarter worth about $366,000. FirstWave Capital Management LLC bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $1,344,000. AXQ Capital LP bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $534,000. Finally, Nykredit A S bought a new position in shares of Fastly during the 2nd quarter worth approximately $77,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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