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Fastly, Inc. (NYSE:FSLY) CEO Compton Charles Lacey III, sold 2,954 shares of Class A Common Stock on September 3, 2025, at a price of $7.45, according to a Form 4 filing with the Securities and Exchange Commission. The stock, which has seen a 26% return over the past year despite being down 21% year-to-date, currently trades near $7.43. InvestingPro analysis suggests the stock is currently undervalued.
The transaction amounted to $22,007. Following the transaction, Compton Charles Lacey III directly owns 670,691 shares of Fastly, Inc.
The sale was executed to cover tax obligations related to the vesting of previously granted Restricted Stock Units.
The transaction was signed off by Tara Seracka, Attorney-in-Fact, on September 5, 2025.
In other recent news, Fastly Inc . has seen several significant developments. Craig-Hallum upgraded Fastly’s stock rating from Hold to Buy, setting a price target of $10.00, citing improvements in financial performance, including growth in security and delivery sectors and a rebound among its top customers. The company reported its strongest enterprise customer additions since the fourth quarter of 2022, with billings doubling year-over-year. Additionally, Fastly has announced leadership changes, naming Kip Compton as the new Chief Executive Officer, succeeding Todd Nightingale, who will stay on as an advisor until mid-2025. Richard Wong has been appointed as the new Chief Financial Officer, effective August 2025, bringing extensive finance leadership experience. Raymond James reiterated a Market Perform rating on Fastly, without specifying a price target, while Piper Sandler maintained a Neutral rating with a $7.00 price target amid the CEO transition. These recent developments indicate a period of transformation and financial progress for Fastly.
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