Spain’s credit rating upgraded to ’A+’ by S&P on strong growth
Fastly, Inc. (NYSE:FSLY) President, Go to Market, Scott R. Lovett, sold 619 shares of Class A Common Stock on September 3, 2025, at a price of $7.45, for a total transaction value of $4,611. The cloud computing services provider, currently valued at $1.09 billion, has seen its revenue grow 7.43% over the last twelve months. According to InvestingPro analysis, the stock appears undervalued at current levels.
The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the transaction, Lovett directly owns 1,344,116 shares of Fastly, Inc. For deeper insights into Fastly’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Fastly Inc. has reported significant developments that could impact investor sentiment. Craig-Hallum upgraded Fastly’s stock rating from Hold to Buy, citing progress in free cash flow and financial improvements. The company showcased strong quarterly performance with growth in security and delivery, and a notable increase in enterprise customer additions. Meanwhile, Raymond James reiterated its Market Perform rating on Fastly without specifying a price target. In executive changes, Fastly announced the appointment of Kip Compton as the new CEO, succeeding Todd Nightingale, who will remain as an advisor until mid-2025. Additionally, Richard Wong has been named the new Chief Financial Officer, bringing extensive experience from previous roles in the tech industry. Piper Sandler maintained a Neutral rating on Fastly, noting the CEO transition and Nightingale’s move to Arista Networks. These recent developments highlight a period of change and growth for Fastly, capturing attention from both analysts and investors.
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