Fastly, Inc. (NYSE: FSLY) confirmed in a recent SEC filing that Chief Executive Compton Charles Lacey III sold 12,916 shares of Class A common stock on February 18, 2026. The shares were sold at a weighted average price between $17.36 and $17.53, yielding roughly $226,417 from the transaction.
Following the sale, Lacey directly holds 599,316 shares of the company. Company filings state the sale was undertaken to satisfy tax liabilities that arose when previously granted restricted stock units vested.
The sale occurred against a backdrop of a sharp run in Fastly's share price - the stock has climbed 149% over the past year and was trading at $18.08 at the time the filing was reported. Independent valuation commentary contained in InvestingPro characterizes the stock as appearing overvalued relative to its Fair Value, even while some analysts are forecasting the company will return to profitability this year following recent losses.
Quarterly performance and analyst response
Fastly reported fourth-quarter results that materially exceeded consensus estimates. Revenue came in at $172.6 million, compared with the consensus estimate of $161.4 million, representing a 22% increase year over year. Operating profit for the quarter was reported at $21.2 million, and earnings per share were $0.12. Those figures were well above analyst expectations of $10.2 million in operating profit and $0.06 in EPS.
Following the results, several brokerages adjusted their outlooks. DA Davidson raised its price target to $13 while keeping a Neutral rating. RBC Capital lifted its target to $12 and cited what it sees as early indications of durable acceleration and continued margin execution. Piper Sandler increased its price target to $14, pointing to the company’s strong performance and market share gains. William Blair went a step further and upgraded Fastly’s rating to Outperform, highlighting the company’s potential tied to AI-driven traffic growth.
For investors seeking deeper analysis, InvestingPro notes the availability of complete Pro Research Reports covering Fastly and more than 1,400 other U.S. equities.
Context and considerations
The insider sale was disclosed as a tax-driven transaction related to RSU vesting, rather than an indicated change in executive ownership strategy. At the same time, external commentary points to a valuation gap between market price and InvestingPro’s Fair Value assessment, even as brokers revise their targets and one firm upgrades the stock.
These simultaneous developments - insider selling to meet tax obligations, a strong beat on quarterly results and mixed signals from valuation assessments and analyst price targets - collectively present a multifaceted picture for investors evaluating Fastly’s near-term prospects.