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Fastly, Inc. NASDAQ:FSLY Chief Financial Officer Ronald W. Kisling sold 7,463 shares of Class A Common Stock on July 16, 2025. The cloud computing company, currently valued at approximately $996 million, has seen its stock decline by about 27% over the past six months according to InvestingPro data. The sales were executed at a price of $6.87 per share, for a total transaction value of $51,270.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC). According to the footnotes, the shares were sold to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units. Following the transaction, Kisling directly owns 627,590 shares of Fastly, Inc.
In other recent news, Fastly Inc (NYSE:FSLY). has announced a leadership change with Kip Compton appointed as the new CEO, succeeding Todd Nightingale. Compton, who joined Fastly as Chief Product Officer earlier this year, brings extensive experience in cloud and networking technologies. Fastly also enhanced its leadership team by appointing Albert Thong as Chief Marketing Officer and Tara Seracka as Chief Legal Officer. On the financial front, Fastly reported first-quarter results that exceeded consensus expectations, with significant contributions from its top 10 customers. Following this, the company raised its full-year 2025 guidance, driven by a $6.5 million revenue beat and additional revenue from U.S. TikTok operations. Piper Sandler recently raised Fastly’s stock price target to $7, citing improved pricing dynamics and strategic go-to-market changes. Meanwhile, DA Davidson adjusted its price target to $6.50, acknowledging mixed financial indicators but recognizing improved cash flow guidance. These developments reflect Fastly’s ongoing efforts to strengthen its market position and leadership team.
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