Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 37,039 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $25.48, for a total value of $943,753.72. Following the sale, the chief technology officer owned 1,024,239 shares of the company’s stock, valued at $26,097,609.72. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Artur Bergman also recently made the following trade(s):
- On Friday, October 9th, Artur Bergman sold 3,002 shares of Fastly stock. The shares were sold at an average price of $30.07, for a total value of $90,270.14.
- On Monday, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The shares were sold at an average price of $26.81, for a total value of $993,015.59.
- On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The stock was sold at an average price of $25.26, for a total transaction of $100,054.86.
- On Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was sold at an average price of $24.75, for a total transaction of $818,680.50.
- On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The stock was sold at an average price of $30.16, for a total transaction of $11,448,796.32.
- On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The shares were sold at an average price of $27.82, for a total transaction of $776,178.00.
- On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The shares were sold at an average price of $27.38, for a total transaction of $1,345,617.48.
- On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The stock was sold at an average price of $25.30, for a total transaction of $55,660.00.
- On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $24.53, for a total transaction of $762,367.87.
- On Tuesday, September 15th, Artur Bergman sold 2,500 shares of Fastly stock. The stock was sold at an average price of $25.14, for a total transaction of $62,850.00.
Fastly Price Performance
FSLY opened at $25.64 on Friday. Fastly, Inc. has a twelve month low of $7.87 and a twelve month high of $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm’s 50-day moving average price is $24.46 and its 200 day moving average price is $21.21.
Fastly (NASDAQ:FSLY – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The company had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, equities analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.
Institutional Trading of Fastly
Hedge funds have recently made changes to their positions in the company. Greenleaf Trust acquired a new position in Fastly in the third quarter valued at approximately $236,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fastly during the third quarter worth $2,149,000. D.A. Davidson & CO. acquired a new stake in Fastly during the third quarter worth $1,388,000. Capelight Capital Asset Management LP purchased a new stake in Fastly in the third quarter valued at $1,540,000. Finally, Sigma Planning Corp purchased a new stake in Fastly in the third quarter valued at $776,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on FSLY shares. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Friday, October 9th. KeyCorp restated an “overweight” rating and issued a $30.00 target price on shares of Fastly in a report on Friday, September 18th. Canaccord Genuity Group started coverage on Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. Piper Sandler raised their target price on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Bank of America lifted their price target on Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fastly currently has a consensus rating of “Hold” and a consensus price target of $27.42.
Read Our Latest Stock Analysis on FSLY
About Fastly
Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.
Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.
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