Key Points
- Fastly CEO Charles Compton III sold 9,458 shares at an average price of $20.42, generating $193,132.36. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 1.03% to 904,777 shares.
- The CEO has also sold more than 130,000 additional Fastly shares in several transactions since early August, including sales at prices ranging from $21.39 to $28.60.
- Fastly’s latest quarterly results exceeded expectations, with adjusted EPS of $0.15 versus the $0.07 consensus and revenue of $183.32 million. Analysts remain mixed, giving the stock an overall “Hold” rating and a consensus price target of $25.33.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 9,458 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $20.42, for a total value of $193,132.36. Following the sale, the chief executive officer owned 904,777 shares of the company's stock, valued at $18,475,546.34. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $21.39, for a total value 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 value 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 value 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 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 Performance
Fastly stock opened at $20.59 on Friday. Fastly, Inc. has a 12-month low of $7.28 and a 12-month high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The business's 50-day moving average price is $22.22 and its two-hundred day moving average price is $22.08. The stock has a market cap of $3.28 billion, a PE ratio of -38.85 and a beta of 0.36.
Fastly (NASDAQ:FSLY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. The firm had revenue of $183.32 million during 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, analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in 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 during the last quarter. Sound Income Strategies LLC bought a new position in shares of Fastly during the first quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Fastly by 39.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company's stock worth $64,000 after purchasing an additional 627 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Fastly during the second quarter worth $72,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Fastly in the fourth quarter worth $41,000. Institutional investors and hedge funds own 79.71% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Piper Sandler increased their price objective 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. Royal Bank Of Canada boosted their target price on shares of Fastly from $22.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 6th. Raymond James Financial reiterated an "outperform" rating and set a $29.00 price target on shares of Fastly in a report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fastly in a research note on Friday, August 7th. Finally, Canaccord Genuity Group began coverage on Fastly in a report on Friday, July 17th. They set a "buy" rating and a $27.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $25.33.
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Fastly Company Profile
(
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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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