Fastly CFO Ronald Kisling sells $30,983 in stock

Fastly Inc . (NYSE:FSLY), the $933 million market cap edge computing company, saw its Chief Financial Officer Ronald Kisling recently sell shares of the company’s Class A common stock, according to a recent SEC filing. According to InvestingPro analysis, the stock is currently trading near $6.60, showing potential upside to its Fair Value. The transactions, dated February 28 and March 3, involved the sale of a combined total of 4,637 shares, generating proceeds of $30,983. The shares were sold at prices ranging from $6.64 to $6.87 per share.

Following these transactions, Kisling holds 683,035 shares of Fastly. The sales were made to satisfy tax obligations related to the vesting of previously granted restricted stock units.

In other recent news, Fastly Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $140.6 million, which slightly exceeded expectations. However, the company faced a larger-than-anticipated loss per share, with an EPS of -$0.03, compared to the forecasted -$0.0034. Despite the revenue beat, concerns over profitability were highlighted by the significant operating loss of $4.2 million for the quarter. Analysts from DA Davidson, Citi, and Piper Sandler maintained a Neutral rating on Fastly, with price targets adjusted to $7.50, $9, and $9, respectively. These ratings reflect cautious optimism, given the company’s mixed financial performance and strategic challenges. Fastly’s revenue growth outside its top 10 customers showed some deceleration, yet there was a noted resurgence in security services revenue. The company is also focusing on international expansion, particularly in the EMEA and APAC regions, which may increase capital expenditures and affect gross margins. Fastly’s guidance for 2025 suggests a moderate revenue growth of 7%, with a focus on diversifying its revenue base and improving its go-to-market strategy.

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