Fastly CEO Compton sells $492,770 in Fastly stock

Charles Lacey Compton III, CEO and a director of Fastly, Inc. (NASDAQ:FSLY), sold a total of 20,449 shares of the company’s Class A Common Stock across two transactions in mid-October, totaling approximately $492,770.

On October 16, 2026, Mr. Compton disposed of 11,433 shares. These shares were sold at a weighted average price of $24.90, with individual transaction prices ranging from $24.67 to $24.90. The total value of this transaction was $284,681. According to the filing, these shares were sold to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units.

Subsequently, on October 19, 2026, Mr. Compton sold an additional 9,016 shares of Fastly Class A Common Stock. The shares were sold at a weighted average price of $23.08, with prices ranging from $22.79 to $23.43. This transaction amounted to $208,089 and was executed pursuant to a Rule 10b5-1 trading plan adopted on May 11, 2026.

Following these transactions, Mr. Compton beneficially owns 831,500 shares of Fastly Class A Common Stock.The timing of these sales coincides with recent market volatility for Fastly shares, which have declined roughly 19% over the past week to $22.07, well below Mr. Compton’s sale prices. Despite this recent pullback, the stock has delivered impressive returns of over 166% in the past year. According to InvestingPro analysis, Fastly appears undervalued at current levels, with the stock trading below its Fair Value—placing it among opportunities on the most undervalued stocks list.

In other recent news, Fastly Inc. has received an upgrade from Oppenheimer, which raised its stock rating to Outperform from Perform, citing growth in security products and early monetization of AI traffic. Meanwhile, DA Davidson has reiterated a Neutral rating on Fastly, expressing skepticism about significant near-term revenue growth from AI agents like Muse. RBC Capital also maintained a Sector Perform rating, following Fastly’s investor day where the company projected a revenue compound annual growth rate of 14% to 21% by fiscal year 2029. The investor day presentation also revealed targets for non-GAAP operating margins of 20% to 22% and free cash flow margins of 12% to 15%.

DA Davidson has adjusted its price target for Fastly, lowering it to $23 from $26, due to valuation concerns. The firm highlighted Fastly’s focus on expanding platform adoption beyond its core content delivery network services. Additionally, social media analysis has suggested that Fastly’s involvement with Meta’s Muse AI assistant might be more significant than previously understood, based on tests conducted by an account named Odd Diligence. These developments reflect a mix of optimism and caution among analysts and investors regarding Fastly’s future prospects.