Have Fastly, Inc. (NYSE:FSLY) Insiders Been Selling Their Stock?

We note that the Fastly, Inc. (NYSE:FSLY) Chief Financial Officer, Ronald Kisling, recently sold US$97k worth of stock for US$19.06 per share. It wasn't a huge sale, but it did reduce their holding by 21%. This does not instill confidence.

See our latest analysis for Fastly

Fastly Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the CEO & Director, Joshua Bixby, sold US$852k worth of shares at a price of US$48.67 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$17.02). So it may not tell us anything about how insiders feel about the current share price.

Insiders in Fastly didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Fastly better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Fastly Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Fastly insiders own 9.5% of the company, worth about US$194m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Fastly Insiders?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Fastly is showing 5 warning signs in our investment analysis, and 1 of those can't be ignored...

Of course Fastly may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.