New insider activity at Fastly ( (FSLY) ) has taken place on February 22, 2025.
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Recent transactions in Fastly stock have seen significant sales by top executives. CFO Ronald Kisling sold 11,269 shares for a total of $90,602. CEO Todd Nightingale made a larger sale, offloading 35,509 shares valued at $285,492. Meanwhile, CTO Artur Bergman sold 12,821 shares worth $103,080. These transactions highlight substantial movements in executive-held shares.
Recent Updates on FSLY stock
Fastly’s recent financial disclosures revealed a mixed performance, as the company reported a record fourth-quarter revenue of $140.6 million, exceeding expectations, but also faced challenges like a decline in gross margin and operating losses. The company has been actively diversifying its revenue streams and expanding its product offerings, introducing new products like AI Accelerator and Object Storage. However, uncertainties, particularly concerning revenue from TikTok due to legislative risks, pose significant challenges. Additionally, Fastly’s stock experienced a notable decline of over 21% in the market. Analysts have lowered their price targets, citing concerns such as increased spending in sales and marketing, international capacity expansion impacting margins, and customer concentration risks, although they acknowledge the positive aspects of revenue growth and product innovation.
More about Fastly
YTD Price Performance: -15.20%
Average Trading Volume: 3,500,579
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.1B