Insider Selling: Fastly (NASDAQ:FSLY) CEO Sells $988,187.20 in Stock

Key Points

• Fastly CEO Charles Lacey Compton III sold 34,552 shares at an average price of $28.60, generating $988,187.20. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 996,040 shares.
• Fastly shares fell 4.0% to $22.71, although the company recently reported quarterly EPS of $0.15—beating the $0.07 consensus—and revenue of $183.32 million, above estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $25.33; institutional investors own approximately 79.71% of the stock.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Lacey Compton III sold 34,552 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total transaction of $988,187.20. Following the completion of the transaction, the chief executive officer owned 996,040 shares in the company, valued at $28,486,744. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 4th, Charles Lacey 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.
• On Wednesday, June 3rd, Charles Lacey Compton III sold 9,313 shares of Fastly stock. The shares were sold at an average price of $20.79, for a total value of $193,617.27.
• On Friday, May 29th, Charles Lacey Compton III sold 15,028 shares of Fastly stock. The stock was sold at an average price of $16.96, for a total value of $254,874.88.

Fastly Trading Down 4.0%

Fastly stock traded down $0.95 during mid-day trading on Thursday, hitting $22.71. The company's stock had a trading volume of 5,761,319 shares, compared to its average volume of 9,739,349. The stock's fifty day moving average is $21.01 and its two-hundred day moving average is $21.14. 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 firm has a market capitalization of $3.62 billion, a PE ratio of -42.85 and a beta of 0.34. Fastly, Inc. has a 1 year low of $7.01 and a 1 year high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating 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 company had revenue of $183.32 million for the quarter, compared to the consensus estimate 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, analysts anticipate that Fastly, Inc. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FSLY shares. Canaccord Genuity Group assumed coverage on shares of Fastly in a research note on Friday, July 17th. They set a "buy" rating and a $27.00 target price for the company. Evercore reissued an "outperform" rating on shares of Fastly in a research note on Thursday, August 6th. Royal Bank Of Canada increased 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. KeyCorp lifted their target price on shares of Fastly from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Finally, Piper Sandler boosted their target price on Fastly from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. One investment 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. According to data from MarketBeat.com, Fastly has a consensus rating of "Hold" and a consensus target price of $25.33.

Institutional Investors Weigh In On Fastly

Several large investors have recently added to or reduced their stakes in the business. Convergence Investment Partners LLC purchased a new position in Fastly in the 1st quarter valued at approximately $1,951,000. Bank of America Corp DE grew its stake in shares of Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company's stock worth $36,888,000 after acquiring an additional 692,459 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Fastly during the first quarter worth $1,667,000. Castleark Management LLC purchased a new stake in shares of Fastly during the first quarter worth $5,164,000. Finally, Vanguard Group Inc. raised its stake in shares of Fastly by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock valued at $172,825,000 after acquiring an additional 310,234 shares in the last quarter. 79.71% of the stock is owned by hedge funds and other 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.

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