$Sunrun(RUN.US) dropped -11%, with Q2 revenue of $870 million, up 53% YoY, beating the $752 million expectation, but net profit fell 58.8% YoY; the stock crashed after guidance was adjusted; $Fastly(FSLY.US) fell even harder, with Q2 revenue of $183 million setting a record, strong growth in security business, and an upgraded full-year outlook. Keyi and two other analysts simultaneously raised their price targets, yet the stock still dropped -13%; $Beyond Meat(BYND.US) also fell -14%, with Q3 net income expected to decline.

Two out of the three stocks saw their prices drop despite beating earnings expectations. This usually implies that sell-side models were already ahead, and the beat was already priced in. Is the market pricing in guidance risks early, or is it simply profit-taking?

The CEO of $Fastly(FSLY.US) sold 14,868 shares for cash on the same day, totaling $370,000. The timing of this sale makes me uncomfortable; I'm more inclined to believe the former explanation.