Fastly, Inc. (NASDAQ: FSLY) disclosed a personal stock sale by its Chief Financial Officer, Richard Wong, in a Form 4 filing with the Securities and Exchange Commission. On March 6, 2026, Wong sold 5,494 shares of Class A common stock at $21.08 per share, resulting in a total transaction value of $115,813.
The timing of Wong's sale coincides with a market price that is higher than the sale level. Fastly shares are trading at $22.76, close to the company's 52-week high of $23.12, after an extraordinary 245% gain over the past 12 months.
Following the disposition, Wong continues to hold 1,249,208 shares of Fastly directly. Separately, an analysis accessible to subscribers indicates the stock presently appears overvalued relative to its Fair Value, with 12 additional ProTips available to subscribers.
Quarterly performance and analyst reactions
Fastly's fourth-quarter results showed revenue of $172.6 million, beating the consensus estimate of $161.4 million and representing a 22% increase year-over-year. The company also reported an operating profit of $21.2 million and earnings per share of $0.12, both comfortably above analyst expectations of $10.2 million for operating profit and $0.06 for EPS.
Following the earnings release, DA Davidson raised its price target on Fastly to $13 from $9 while maintaining a Neutral rating. RBC Capital increased its price target to $20 from $12 and kept a Sector Perform rating, citing improved execution and multiple expansion as rationale for the adjustment.
Change in auditor
The company’s Audit Committee approved the appointment of KPMG LLP as Fastly’s new independent registered public accounting firm, replacing Deloitte & Touche LLP. The filing states that Deloitte’s prior audit reports did not contain any adverse opinions or modifications.
Taken together, the insider sale, the robust quarterly results, analyst price target changes, and the auditor transition mark notable developments for Fastly as it navigates an elevated share price environment.