Fastly Inc. reported an insider sale by its chief executive officer, Compton Charles Lacey III, who disposed of 36,694 shares of Class A Common Stock on March 5, 2026. The transactions generated approximately $759,019 in proceeds and were carried out in two separate trades under a pre-established Rule 10b5-1 trading plan that was adopted on August 27, 2025.
The larger of the two trades consisted of 29,294 shares sold at a weighted average price of $20.55, with the individual trade prices spanning from $20.09 to $21.08. The second transaction covered 7,400 shares sold at a weighted average of $21.22, with execution prices ranging from $21.09 to $21.41. Following these dispositions, Compton remains a substantial shareholder, directly holding 1,212,778 shares of Fastly Class A Common Stock.
Observers note the timing of the sale came as Fastly shares were trading near their 52-week high of $21.85, after a notable 229% gain over the prior year. The insider transactions were executed under the parameters of the 10b5-1 plan, which permits scheduled sales irrespective of short-term market movements.
Company performance and analyst moves
Fastly also recently released fourth-quarter results that beat analyst expectations. The company reported revenue of $172.6 million versus the anticipated $161.4 million, representing a 22% year-over-year increase. In addition, Fastly posted an operating profit of $21.2 million and earnings per share of $0.12, exceeding consensus expectations of $10.2 million for operating profit and $0.06 for EPS.
Following those results, DA Davidson raised its price target on Fastly to $13 from $9 while maintaining a Neutral rating. Separately, RBC Capital increased its price target to $20 from $12, citing improved execution and multiple expansion. The reporting also notes that RBC had previously raised its price target to $12 from $10 because of early signs of durable acceleration and margin execution.
Audit firm change
Fastly announced a change in its independent registered public accounting firm for the fiscal year ending December 31, 2026, appointing KPMG and dismissing Deloitte & Touche LLP. The company stated that Deloitte’s prior audit reports did not include any adverse opinions or modifications.
Context and limitations
The sale details, remaining share ownership, the existence of a Rule 10b5-1 plan, the company’s recent quarterly results, analyst price-target changes, and the auditor change are disclosed as reported. The article does not provide additional commentary on the motivations behind the sale or on forward-looking company guidance beyond the items stated above.