Key Points
- Fastly CEO Charles Compton III sold 9,016 shares on October 19 at an average price of $23.08, generating $208,089.28. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 831,500 shares.
- Fastly shares opened at $22.07, with a 12-month trading range of $7.87 to $34.82. The company’s latest quarterly results exceeded expectations, reporting $0.15 in adjusted earnings per share versus a $0.07 estimate and revenue of $183.32 million.
- Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $27.42. Institutional investors own approximately 79.71% of Fastly’s outstanding shares.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CEO Charles Compton, III sold 9,016 shares of the company's stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $23.08, for a total transaction of $208,089.28. Following the completion of the sale, the chief executive officer directly owned 831,500 shares of the company's stock, valued at $19,191,020. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 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 stock was 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 stock was sold at an average price of $20.42, for a total value of $193,132.36.
- 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 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 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 Price Performance
Shares of Fastly stock opened at $22.07 on Wednesday. The business's fifty day simple moving average is $24.71 and its 200 day simple moving average is $22.53. Fastly, Inc. has a 12 month low of $7.87 and a 12 month high of $34.82. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33.
Fastly (NASDAQ:FSLY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. The business 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. Research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Fastly
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock worth $26,000 after purchasing an additional 1,346 shares during the period. GAMMA Investing LLC increased its stake in shares of Fastly by 38.4% in the third quarter. GAMMA Investing LLC now owns 1,510 shares of the company's stock worth $39,000 after purchasing an additional 419 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock worth $40,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Fastly in the fourth quarter worth about $41,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Fastly in the first quarter valued at approximately $44,000. 79.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
FSLY has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of Fastly from $20.00 to $22.00 and gave the stock an "underperform" rating in a report on Wednesday, September 23rd. Piper Sandler raised their price objective on shares of Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Oppenheimer upgraded shares of Fastly from a "market perform" rating to an "outperform" rating and set a $35.00 price objective for the company in a report on Friday, October 9th. Canaccord Genuity Group assumed coverage on shares of Fastly in a research report on Friday, July 17th. They issued a "buy" rating and a $27.00 price objective on the stock. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $30.00 price objective on shares of Fastly in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Fastly currently has a consensus rating of "Hold" and a consensus target price of $27.42.
View Our Latest Research Report on Fastly
About Fastly
(
Get Free Report)
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.
Further Reading
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