Artur Bergman Sells 8,960 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 8,960 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $22.72, for a total value of $203,571.20. Following the sale, the chief technology officer owned 1,630,785 shares of the company’s stock, valued at $37,051,435.20. This trade represents a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Artur Bergman also recently made the following trade(s):

• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total transaction of $6,753.00.
• On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The stock was sold at an average price of $20.90, for a total transaction of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total transaction of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The stock was sold at an average price of $24.08, for a total transaction of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The shares were sold at an average price of $24.72, for a total transaction of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total transaction of $926,268.20.

Fastly Stock Performance

Shares of FSLY traded up $0.45 on Friday, reaching $23.16. 6,397,317 shares of the company’s stock traded hands, compared to its average volume of 9,302,454. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.69 billion, a PE ratio of -43.70 and a beta of 0.36. The stock’s 50 day simple moving average is $22.51 and its two-hundred day simple moving average is $22.22. Fastly, Inc. has a 52-week low of $7.62 and a 52-week high of $34.82.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to analysts’ expectations of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

Large investors have recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of Fastly by 14.7% during the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after purchasing an additional 1,071,222 shares during the period. First Trust Advisors LP boosted its stake in Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares during the period. Alyeska Investment Group L.P. boosted its stake in Fastly by 2,795.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock worth $48,754,000 after purchasing an additional 4,623,767 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock valued at $35,380,000 after buying an additional 117,213 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Fastly by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,477,675 shares of the company’s stock valued at $35,408,000 after buying an additional 233,184 shares in the last quarter. 79.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FSLY has been the subject of several research reports. Royal Bank Of Canada increased their price target on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 target price on shares of Fastly in a research note on Thursday, August 6th. Evercore reissued an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Canaccord Genuity Group initiated coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fastly currently has a consensus rating of “Hold” and a consensus price target of $25.33.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.