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Fastly, Inc. (NYSE:FSLY), a $1 billion market cap technology company, saw its Chief Financial Officer Ronald Kisling recently sell a portion of his holdings. According to a filing with the Securities and Exchange Commission, Kisling sold 11,269 shares of Fastly’s Class A common stock on February 19, 2025. The shares were sold at a weighted average price of $8.04, totaling $90,602. The sale price represents a slight premium to the current trading price of $7.26.
This transaction was conducted to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units. Following the sale, Kisling retains ownership of 508,543 shares in the company. InvestingPro data shows the company maintains strong liquidity with a current ratio of 4.21, though the stock has declined 45% over the past year.
The sale was executed in multiple transactions, with prices ranging from $8.04 to $8.08 per share. The CFO has committed to providing full details of the sales to the company, its shareholders, or the SEC upon request. According to InvestingPro’s analysis, Fastly currently appears undervalued based on its Fair Value assessment, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Fastly Inc . reported its fourth-quarter 2024 earnings with a revenue of $140.6 million, slightly surpassing expectations of $138.29 million. However, the company faced a larger-than-expected loss per share of $0.03, missing the forecasted loss of $0.0034. Citi and Piper Sandler both adjusted their price targets for Fastly to $9, maintaining a Neutral rating, reflecting cautious optimism about the company’s financial prospects. DA Davidson also reaffirmed a Neutral rating with a consistent price target of $7.50, noting concerns over operational profit and free cash flow declines. Analysts observed that Fastly’s revenue guidance for 2025 is slightly ahead of consensus estimates, though significant margin dilution is anticipated. The company is focusing on expanding its international network capacity, which is expected to lead to reduced margins in 2025. Despite these challenges, Fastly’s revenue from security services has shown re-acceleration, and the company is experiencing a resurgence in its remaining performance obligations. Fastly’s strategic focus on expanding in the EMEA and APAC regions is expected to increase capital expenditures, with risks of gross margin compression.
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