Key Points
- Fastly CEO Charles Lacey Compton III sold 14,797 shares on Feb. 19 at an average $18.88 for ~$279,367, and has sold a total of 41,395 shares across four trades since Jan. 16 (total proceeds ≈ $629k), trimming his stake by 2.47% to 584,519 shares (~$11.04M).
- Shares traded around $17 and were down about 6% on the report; Fastly has a $2.54B market cap, a negative P/E, and is trading above its 50‑ and 200‑day moving averages ($10.93 and $9.65) with a 1‑year range of $4.65–$20.27.
- Analyst consensus is a "Hold" with an average price target of $12, while institutional investors own roughly 79.7% of the company and analysts are split (3 Buy, 6 Hold, 1 Sell).
Fastly, Inc. (NYSE:FSLY - Get Free Report) CEO Charles Lacey Compton III sold 14,797 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $18.88, for a total transaction of $279,367.36. Following the completion of the transaction, the chief executive officer directly owned 584,519 shares of the company's stock, valued at $11,035,718.72. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Charles Lacey Compton III also recently made the following trade(s):
- On Wednesday, February 18th, Charles Lacey Compton III sold 12,916 shares of Fastly stock. The stock was sold at an average price of $17.53, for a total value of $226,417.48.
- On Tuesday, January 20th, Charles Lacey Compton III sold 4,638 shares of Fastly stock. The stock was sold at an average price of $8.81, for a total value of $40,860.78.
- On Friday, January 16th, Charles Lacey Compton III sold 9,044 shares of Fastly stock. The shares were sold at an average price of $9.07, for a total value of $82,029.08.
Fastly Stock Down 6.0%
Shares of Fastly stock opened at $17.00 on Tuesday. The company has a market capitalization of $2.54 billion, a P/E ratio of -17.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50-day moving average of $10.93 and a two-hundred day moving average of $9.65. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $20.27.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Align Financial LLC acquired a new stake in Fastly in the 4th quarter valued at $41,000. Byrne Asset Management LLC bought a new position in shares of Fastly in the 3rd quarter valued at about $43,000. Quarry LP acquired a new stake in shares of Fastly in the third quarter valued at about $49,000. Geneos Wealth Management Inc. bought a new stake in Fastly during the first quarter worth about $52,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Fastly during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 79.71% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on the stock. Oppenheimer initiated coverage on shares of Fastly in a report on Monday, November 17th. They set a "market perform" rating on the stock. KeyCorp raised shares of Fastly from a "sector weight" rating to an "overweight" rating and set a $14.00 price objective for the company in a research report on Monday, December 15th. Citigroup boosted their price objective on shares of Fastly from $10.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, February 13th. Piper Sandler reiterated a "neutral" rating and set a $14.00 target price (up previously from $11.00) on shares of Fastly in a report on Thursday, February 12th. Finally, Wall Street Zen raised Fastly from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fastly has an average rating of "Hold" and an average price target of $12.00.
Get Our Latest Analysis on Fastly
About Fastly
(
Get Free Report)
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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