Insider Selling: Fastly (NYSE:FSLY) CEO Sells $1,532,933.64 in Stock

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 73,206 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $20.94, for a total transaction of $1,532,933.64. Following the completion of the sale, the chief executive officer directly owned 875,831 shares in the company, valued at $18,339,901.14. This trade represents a 7.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Charles Lacey Compton III also recently made the following trade(s):

• On Thursday, February 19th, Charles Lacey Compton III sold 14,797 shares of Fastly stock. The stock was sold at an average price of $18.88, for a total transaction of $279,367.36.
• On Wednesday, February 18th, Charles Lacey Compton III sold 12,916 shares of Fastly stock. The shares were 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 transaction 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 transaction of $82,029.08.

Fastly Stock Down 1.5%

Shares of FSLY opened at $20.14 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $12.58 and a two-hundred day moving average price of $10.42. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -20.98 and a beta of 0.88. Fastly, Inc. has a 12 month low of $4.65 and a 12 month high of $21.75.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. William Blair upgraded shares of Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Monday, December 15th. Oppenheimer initiated coverage on shares of Fastly in a research report on Monday, November 17th. They set a “market perform” rating for the company. Finally, Piper Sandler reissued a “neutral” rating and set a $14.00 price target (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.14.

Institutional Trading of Fastly

Several hedge funds have recently modified their holdings of FSLY. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Fastly in the fourth quarter valued at approximately $41,000. Sunbelt Securities Inc. lifted its holdings in Fastly by 199.8% during the 4th quarter. Sunbelt Securities Inc. now owns 70,868 shares of the company’s stock worth $721,000 after buying an additional 47,233 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Fastly during the 4th quarter worth $11,657,000. Invesco Ltd. boosted its position in Fastly by 13.7% in the 4th quarter. Invesco Ltd. now owns 408,148 shares of the company’s stock valued at $4,155,000 after buying an additional 49,093 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Fastly in the 4th quarter valued at $439,000. 79.71% of the stock is owned by institutional investors.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: One-week momentum: Zacks notes FSLY rose ~5.75% over the past week, which can attract momentum or short-term traders and support near-term liquidity and sentiment. Fastly (FSLY) Is Up 5.75% in One Week: What You Should Know
• Positive Sentiment: Analyst/institutional color: Recent analyst moves (RBC raised its price objective, KeyCorp and William Blair issued more positive notes) and some small institutional buys have helped underpin the recovery narrative versus the prior year’s lows. That analyst chatter can provide support if earnings/guide match expectations. MarketBeat FSLY Coverage
• Neutral Sentiment: Industry backdrop: A Manila Standard piece highlights an “AI speed tax” — higher compute/network costs for AI workloads. For Fastly (edge cloud/CDN), higher demand from AI could be revenue-positive but may also raise operating/capex pressure; net impact is uncertain and depends on how Fastly prices/monetizes edge AI services. AI businesses paying an ‘AI Speed Tax’
• Negative Sentiment: Significant insider selling: Multiple insiders sold substantial blocks on March 4 (CEO Charles Lacey Compton III sold ~73k shares; CTO Artur Bergman sold ~24.5k shares, plus a series of prior sales). Large, clustered insider sales can sap investor confidence and add selling pressure even if some sales are for diversification or taxes. Insider Selling: Fastly (NYSE:FSLY) CTO Sells 24,532 Shares of Stock SEC Form 4 — CEO Sale

Fastly Company Profile

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.