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Fastly Inc . (NYSE:FSLY) CEO Todd Nightingale recently sold 22,999 shares of the company’s Class A common stock, according to a regulatory filing with the Securities and Exchange Commission. The sale, which occurred on February 28, 2025, was executed at a weighted average price of $6.64 per share, amounting to a total transaction value of approximately $152,713. The transaction comes as Fastly’s stock has declined over 54% in the past year, though InvestingPro analysis suggests the stock is currently undervalued.
The shares were sold to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units. Following this transaction, Nightingale retains direct ownership of 1,616,920 shares of Fastly. The sale was conducted in multiple transactions at prices ranging from $6.57 to $6.64 per share. With a market capitalization of $933 million and a current ratio of 4.21, the company maintains strong liquidity. InvestingPro subscribers can access 7 additional key insights about Fastly’s financial health and market position in the comprehensive Pro Research Report.
In other recent news, Fastly Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $140.6 million, which slightly exceeded expectations of $138.29 million. However, the company faced a larger-than-anticipated earnings per share loss of $0.03, compared to the forecasted loss of $0.0034. DA Davidson maintained a Neutral rating on Fastly, with a price target of $7.50, noting minimal benefits from competitor Edgio’s shutdown and conservative revenue projections involving TikTok. Meanwhile, Citi and Piper Sandler both adjusted their price targets for Fastly to $9, down from $10, while maintaining Neutral ratings.
Citi’s analysis highlighted a modest 2% year-over-year revenue growth, with a resurgence in Fastly’s security services and remaining performance obligations. Piper Sandler also noted a 2% revenue beat, attributing it to better-than-expected performance in Fastly’s Content Delivery Network and security offerings. Despite these gains, concerns were raised about increased sales and marketing expenses, as well as expansion plans that might lead to reduced margins in 2025. Fastly’s guidance for 2025 suggests moderate revenue growth, with expectations of 7% annual growth, excluding potential contributions from TikTok’s US operations.
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