Fastly (NYSE:FSLY) CEO Charles Lacey Compton III Sells 34,334 Shares

Fastly, Inc. (NYSE:FSLY) CEO Charles Lacey Compton III sold 34,334 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $16.85, for a total transaction of $578,527.90. Following the sale, the chief executive officer directly owned 1,099,561 shares of the company’s stock, valued at $18,527,602.85. This represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Tuesday, May 19th, Charles Lacey Compton III sold 11,275 shares of Fastly stock. The stock was sold at an average price of $16.48, for a total transaction of $185,812.00.
• On Friday, April 17th, Charles Lacey Compton III sold 7,059 shares of Fastly stock. The stock was sold at an average price of $24.57, for a total transaction of $173,439.63.
• On Thursday, April 16th, Charles Lacey Compton III sold 22,474 shares of Fastly stock. The stock was sold at an average price of $24.33, for a total transaction of $546,792.42.
• On Thursday, March 5th, Charles Lacey Compton III sold 36,694 shares of Fastly stock. The stock was sold at an average price of $20.69, for a total transaction of $759,198.86.
• On Wednesday, March 4th, Charles Lacey Compton III sold 73,206 shares of Fastly stock. The stock was sold at an average price of $20.94, for a total transaction of $1,532,933.64.
• 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.

Fastly Trading Up 4.6%

FSLY opened at $17.12 on Thursday. Fastly, Inc. has a twelve month low of $6.29 and a twelve month high of $34.82. The company has a 50-day simple moving average of $25.16 and a 200 day simple moving average of $16.54. 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 stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -17.83 and a beta of 0.49.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s compute and other revenue trends appear to be benefiting from AI-related demand, with a report noting “Other revenues” surged 67% to $8 million as edge compute usage grows and the company adds LLM-ready features. Article Title
• Neutral Sentiment: CEO Charles Lacey Compton III, CFO Richard Wong, CTO Artur Bergman, and insider Scott R. Lovett all disclosed stock sales over May 18-19. Several of the trades were made under pre-arranged Rule 10b5-1 plans, which can reduce concerns that the sales reflect a change in outlook, but the volume of selling may still weigh on sentiment. Article Title
• Negative Sentiment: The insider transactions were fairly broad-based, including multiple sales by the CEO, CFO, and CTO, which can be interpreted by investors as a lack of conviction at current levels even if they were pre-planned. Article Title

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi raised its stake in shares of Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after acquiring an additional 4,724 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Fastly in the first quarter worth $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fastly by 1.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after purchasing an additional 6,247 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Fastly by 963.6% in the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after purchasing an additional 55,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Fastly by 7.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after purchasing an additional 165,937 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FSLY shares. Piper Sandler dropped their target price on shares of Fastly to $27.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Raymond James Financial raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Friday, May 8th. Craig Hallum cut shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a report on Tuesday, April 14th. William Blair raised shares of Fastly from a “market perform” rating to an “outperform” rating in a report on Thursday, February 12th. Finally, Evercore started coverage on shares of Fastly in a report on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.63.

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.