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SAN FRANCISCO—Ronald W. Kisling, the Chief Financial Officer of Fastly, Inc. (NYSE:FSLY), recently sold 12,000 shares of the company’s Class A Common Stock. The transaction, filed with the Securities and Exchange Commission, was executed on March 31, 2025, under a pre-established Rule 10b5-1 trading plan. The shares were sold at an average price of $6.32, generating a total of $75,840. The sale comes as Fastly’s stock has declined over 50% in the past year, though InvestingPro analysis suggests the company is currently undervalued, with analysts setting price targets between $5 and $9.
Following this sale, Kisling holds 671,035 shares directly. The transaction was conducted by the Ronald Kisling Living Trust, marking a shift in beneficial ownership from direct to indirect. The sale price ranged between $6.19 and $6.42 per share, reflecting multiple transactions within this range. InvestingPro data shows the company maintains strong liquidity with a current ratio of 4.21, though it faces profitability challenges. Discover more insights and 5 additional ProTips with an InvestingPro subscription.
In other recent news, Fastly Inc . reported its fourth-quarter 2024 earnings, revealing a larger-than-expected loss per share of $0.03, compared to the forecasted loss of $0.0034. Despite this, the company’s revenue for the quarter was $140.6 million, surpassing expectations of $138.29 million and marking a 2% year-over-year growth. Analysts from DA Davidson, Citi, and Piper Sandler maintained a Neutral rating on Fastly’s stock, with Citi and Piper Sandler both lowering their price targets to $9, reflecting cautious outlooks on the company’s financial prospects.
Citi’s analyst noted that while Fastly’s revenue from security services showed improvement, the company’s guidance indicated significant margin dilution with revenues slightly ahead but EBIT and free cash flow falling short of expectations. Piper Sandler highlighted concerns regarding Fastly’s plans to increase sales and marketing expenditures, which are expected to lead to reduced margins in 2025. Fastly’s recent quarter also saw a resurgence in its remaining performance obligations, suggesting healthy execution under the guidance of a new Chief Revenue Officer.
The company is focusing on expanding its product and security offerings, with guidance for 2025 indicating moderate revenue growth. Fastly’s strategic initiatives include expanding in the EMEA and APAC regions, which may increase capital expenditures and risk gross margin compression. Analysts expressed a need for Fastly to demonstrate tangible progress to justify confidence in its growth strategy, with the market for content delivery yet to show a widespread recovery in traffic trends.
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