Richard Wong Sells 47,676 Shares of Fastly (NASDAQ:FSLY) Stock

Posted by Brian Himes on Aug 27th, 2026

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CFO Richard Wong sold 47,676 shares of Fastly stock in a transaction on Friday, August 21st. The stock was sold at an average price of $24.09, for a total value of $1,148,514.84. Following the completion of the sale, the chief financial officer directly owned 1,043,610 shares of the company’s stock, valued at approximately $25,140,564.90. The trade was a 4.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Richard Wong also recently made the following trade(s):

On Tuesday, August 18th, Richard Wong sold 148,015 shares of Fastly stock. The stock was sold at an average price of $28.61, for a total value of $4,234,709.15.

Fastly Trading Up 1.3%

Shares of NASDAQ:FSLY opened at $23.29 on Thursday. The company has a market cap of $3.71 billion, a P/E ratio of -43.94 and a beta of 0.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a 1 year low of $7.05 and a 1 year high of $34.82. The stock’s fifty day moving average price is $21.54 and its 200-day moving average price is $21.65.

Fastly (NASDAQ:FSLY – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations 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. Sell-side analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FSLY. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Evercore restated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and issued a $29.00 target price on shares of Fastly in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.33.

Get Our Latest Stock Report on Fastly

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after acquiring an additional 633 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Fastly in the 4th quarter worth $41,000. Align Financial LLC bought a new position in Fastly in the 4th quarter worth $41,000. Sound Income Strategies LLC bought a new position in Fastly in the 1st quarter worth $44,000. Finally, Quarry LP purchased a new position in Fastly during the third quarter valued at $49,000. 79.71% of the stock is currently owned by institutional investors.

Fastly Company Profile

(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.