Fastly CFO Ronald Kisling sells $30,983 in stock

Published 04/03/2025, 23:00
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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.