Fastly (NASDAQ:FSLY) CFO Richard Wong Sells 148,015 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) CFO Richard Wong sold 148,015 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $28.61, for a total value of $4,234,709.15. Following the transaction, the chief financial officer directly owned 1,091,286 shares of the company’s stock, valued at $31,221,692.46. The trade was a 11.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fastly Trading Down 4.0%

NASDAQ FSLY opened at $22.71 on Friday. The stock has a market cap of $3.62 billion, a P/E ratio of -42.85 and a beta of 0.34. Fastly, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $34.82. The stock has a 50 day simple moving average of $21.09 and a two-hundred day simple moving average of $21.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36.

Fastly (NASDAQ:FSLY) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (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 firm 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. On average, analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current year.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly is highlighted as one of three mid-cap stocks benefiting from strong AI and cloud-computing momentum. The report points to expanding cloud demand, AI adoption and improving earnings estimates as potential long-term catalysts for FSLY. Buy 3 High-Flying Mid-Cap Stocks on Solid AI Cloud Computing Momentum
• Neutral Sentiment: Fastly’s CTO Artur Bergman sold 64,074 shares for approximately $1.71 million across August 18–19, while retaining nearly 1.97 million shares. Both transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which may reduce their significance as a discretionary signal. CTO SEC Form 4 Filing
• Neutral Sentiment: CEO Charles Lacey Compton III sold 45,750 shares for roughly $1.26 million over the same two days, leaving him with nearly 985,000 shares. The sales also followed a pre-arranged Rule 10b5-1 plan, limiting the extent to which investors should interpret them as a change in management’s outlook. CEO SEC Form 4 Filing
• Negative Sentiment: CFO Richard Wong sold 148,015 shares for approximately $4.23 million, reducing his direct ownership by nearly 12%. Another insider, Scott R. Lovett, sold 14,936 shares for about $427,000. The combined sales—along with those by the CEO and CTO—total approximately $7.84 million and could weigh on sentiment because several senior executives sold shares within a short period. CFO SEC Form 4 Filing Insider SEC Form 4 Filing
• Negative Sentiment: A valuation-focused analysis said Fastly’s shares had fallen sharply and that GF Value still viewed the stock as overvalued. That assessment may reinforce selling pressure, particularly after the stock’s substantial rise from its 52-week low. Fastly Shares Fall; GF Value Says Still Overvalued

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FSLY. Vanguard Group Inc. boosted its stake in Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock worth $172,825,000 after acquiring an additional 310,234 shares in the last quarter. Morgan Stanley increased its stake in shares of Fastly by 14.7% during the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after purchasing an additional 1,071,222 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Fastly by 2,795.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock valued at $48,754,000 after purchasing an additional 4,623,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fastly by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after purchasing an additional 117,213 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FSLY. Piper Sandler increased their price target on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada increased their target price on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Finally, Canaccord Genuity Group started coverage on Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.33.

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.