Fastly president Lovett sells $1.78 million in shares

Fastly, Inc. (NYSE:FSLY), a content delivery network company with a market capitalization of $1.28 billion, has seen its stock surge 14.4% over the past week. The company’s President, Go to Market, Scott R. Lovett, sold a total of 213,393 shares of Class A Common Stock in two transactions on September 15 and 16, 2025, for approximately $1.78 million.

The first sale, which occurred on September 15, involved 178,931 shares at a price of $8.28, totaling $1481548. These shares were sold at prices ranging from $8.25 to $8.40. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2025.

The second sale, which occurred on September 16, involved 34,462 shares at a price of $8.63, totaling $297407. These shares were sold at prices ranging from $8.62 to $8.63. These shares were sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units.

Following these transactions, Lovett directly owns 1,130,723 shares of Fastly, Inc. Class A Common Stock.

In other recent news, Fastly Inc . reported significant developments that could impact investor decisions. The company has shown signs of financial improvement, leading Craig-Hallum to upgrade Fastly’s stock rating from Hold to Buy, setting a price target of $10.00. This upgrade follows Fastly’s recent quarterly performance, which highlighted growth in both security and delivery services, with enterprise customer additions reaching their highest levels since Q4 2022. Meanwhile, Raymond James has reiterated a Market Perform rating on Fastly, maintaining its stance without specifying a price target.

Additionally, Fastly announced a leadership change, naming Richard Wong as the new Chief Financial Officer, effective August 11, 2025. Wong brings extensive finance leadership experience from companies like Benchling, Houzz Inc., LinkedIn, and Yahoo!. In another leadership update, Piper Sandler maintained a Neutral rating on Fastly amid the CEO transition, as outgoing CEO Todd Nightingale departs to join Arista Networks.

These recent developments, including the analyst upgrades and leadership changes, suggest a period of transition and potential growth for Fastly.

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