Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CEO Charles Compton, III sold 9,016 shares of Fastly stock in a transaction on Monday, October 19th. The shares were 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 approximately $19,191,020. The trade was a 1.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 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 value 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 shares were 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 transaction 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 transaction 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 transaction 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 transaction 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 Stock Performance
Shares of FSLY stock traded down $0.92 during trading hours on Tuesday, reaching $22.07. 3,508,635 shares of the company traded hands, compared to its average volume of 9,076,483. Fastly, Inc. has a 12-month low of $7.87 and a 12-month high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The company has a market cap of $3.52 billion, a P/E ratio of -41.64 and a beta of 0.31. The firm has a 50-day moving average price of $24.84 and a 200 day moving average price of $22.60.
Fastly (NASDAQ:FSLY – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping 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 firm had revenue of $183.32 million during 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. As a group, sell-side analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently weighed in on FSLY. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Canaccord Genuity Group initiated coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. Freedom Broker raised their price objective on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Finally, Piper Sandler upped their price target on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.42.
Read Our Latest Research Report on FSLY
Hedge Funds Weigh In On Fastly
A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after purchasing an additional 692,459 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Fastly in the 1st quarter worth approximately $1,951,000. Range Financial Group LLC bought a new stake in shares of Fastly in the first quarter valued at approximately $1,667,000. Castleark Management LLC bought a new stake in shares of Fastly in the first quarter valued at about $5,164,000. Finally, Wellington Management Group LLP acquired a new stake in Fastly during the second quarter worth $8,696,000. Institutional investors and hedge funds own 79.71% of the company’s stock.
Fastly Company Profile
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.
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