Former Tata Technologies CEO McGoldrick sells shares worth ₹165 crore
The shares were sold at an average price of Rs ₹785 apiece, taking the aggregate value of the transaction to Rs ₹164.85 crore
Fastly's CEO, Charles L. Compton III, recently sold 9,458 shares of the company's Class A Common Stock, totaling around $193,132. The shares were sold at prices between $20.26 and $20.75, following a Rule 10b5-1 trading plan Compton established on May 11, 2026. With this transaction, Compton now owns 904,777 shares of Fastly Class A Common Stock.
The sale occurred as Fastly shares have dropped over 10% in the past week, despite the stock's impressive annual return of 177%. Fastly's stock is currently trading above its Fair Value, indicating it may be overvalued. In other news, Fastly reported strong earnings for Q2 2026, surpassing analyst estimates with adjusted earnings of $0.15 per share and revenue of $183.3 million, up 23% year-over-year.
The company's network services revenue grew 16.5%, and Evercore ISI raised its price target to $32.00.
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