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Fastly, Inc. (NYSE:FSLY) Chief Financial Officer Ronald W. Kisling recently reported the sale of 2,063 shares of the company’s Class A Common Stock. The shares were sold on February 25 at a weighted average price of $6.87, totaling approximately $14,172. The transaction comes as Fastly’s stock has declined over 10% in the past week and 26% year-to-date, according to InvestingPro data. Following this transaction, Kisling’s direct ownership in Fastly stands at 506,480 shares.
Additionally, on February 26, Kisling acquired a total of 20,075 shares of Class A Common Stock through performance-based restricted stock unit awards and a bonus plan. These shares were acquired at no cost as part of his compensation package, increasing his total holdings to 526,555 shares.
In other recent news, Fastly Inc . reported its fourth-quarter 2024 earnings, revealing a larger-than-expected loss per share of $0.03, missing the forecasted loss of $0.0034. However, revenue slightly exceeded expectations, reaching $140.6 million compared to the anticipated $138.29 million. Analysts from Citi, Piper Sandler, and DA Davidson have maintained a Neutral rating on Fastly, with Citi and Piper Sandler both lowering their price targets to $9.00 from $10.00, while DA Davidson set a target of $7.50. These adjustments reflect cautious stances amid mixed financial results and strategic challenges.
Fastly’s revenue growth was modest, with a 2% year-over-year increase, primarily driven by performance outside its top 10 customers. The company is focusing on expanding its product and security offerings, with a strategic emphasis on international growth, particularly in the EMEA and APAC regions. Despite the positive notes, concerns remain about Fastly’s plans to increase sales and marketing expenditures, which are expected to lead to reduced margins in 2025. The company’s guidance for 2025 indicates moderate revenue growth, excluding potential contributions from TikTok’s US operations due to uncertainties.
Fastly’s recent strategic focus includes diversifying its customer base and improving its go-to-market leadership under a new Chief Revenue Officer. The firm is also prioritizing growth investments in anticipation of future gains, despite conservative revenue projections. The content delivery market remains competitive, with Fastly experiencing challenges in maintaining its average enterprise spend and net revenue retention. As the company navigates these developments, investor and analyst attention will continue to focus on Fastly’s financial performance and strategic execution.
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