Charles Lacey Compton III Sells 14,797 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 14,797 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $18.88, for a total transaction of $279,367.36. Following the sale, the chief executive officer directly owned 584,519 shares of the company’s stock, valued at approximately $11,035,718.72. This represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $226,417.48.
• On Tuesday, January 20th, Charles Lacey Compton III sold 4,638 shares of Fastly stock. The shares were 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 stock was sold at an average price of $9.07, for a total value of $82,029.08.

Fastly Trading Up 3.9%

Shares of NYSE FSLY opened at $17.67 on Wednesday. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $20.27. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -18.41 and a beta of 1.03. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock’s 50 day simple moving average is $11.08 and its 200 day simple moving average is $9.72.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FSLY shares. William Blair upgraded shares of Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. Oppenheimer began coverage on shares of Fastly in a research report on Monday, November 17th. They issued a “market perform” rating for the company. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citigroup boosted their price objective on Fastly from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada increased their price objective on Fastly from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.00.

Institutional Trading of Fastly

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new stake in Fastly in the second quarter worth approximately $171,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Fastly during the 2nd quarter valued at $741,000. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Fastly in the third quarter valued at $1,002,000. Geode Capital Management LLC lifted its holdings in shares of Fastly by 6.3% in the second quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock valued at $22,681,000 after buying an additional 189,423 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Fastly during the second quarter valued at about $557,000. 79.71% of the stock is currently owned by institutional investors.

About Fastly

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.