Artur Bergman Sells 31,848 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 31,848 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $16.41, for a total transaction of $522,625.68. Following the transaction, the chief technology officer directly owned 2,054,681 shares in the company, valued at approximately $33,717,315.21. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Monday, May 18th, Artur Bergman sold 32,181 shares of Fastly stock. The shares were sold at an average price of $16.85, for a total transaction of $542,249.85.
• On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The shares were sold at an average price of $22.79, for a total value of $6,039,350.00.
• On Monday, March 9th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $21.07, for a total value of $842,800.00.
• On Monday, March 2nd, Artur Bergman sold 275,234 shares of Fastly stock. The shares were sold at an average price of $20.56, for a total value of $5,658,811.04.
• On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $20.69, for a total value of $643,024.51.
• On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were sold at an average price of $21.06, for a total value of $516,643.92.
• On Friday, February 27th, Artur Bergman sold 869 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total value of $15,207.50.
• On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.08, for a total value of $683,200.00.
• On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The shares were sold at an average price of $20.10, for a total value of $694,977.60.
• On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The shares were sold at an average price of $18.89, for a total value of $753,352.09.

Fastly Stock Performance

Fastly stock opened at $16.40 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of -17.08 and a beta of 0.49. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $25.03 and a 200-day moving average of $16.60. Fastly, Inc. has a 52 week low of $6.29 and a 52 week high of $34.82.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s business momentum may be improving from AI-driven usage, with reports that compute-related revenues and “other revenues” are benefiting as customers adopt edge computing and LLM-ready features. Article Title
• Neutral Sentiment: Several Fastly executives disclosed stock sales over May 18-19, including CEO Charles Lacey Compton III, CFO Richard Wong, CTO Artur Bergman, and insider Scott R. Lovett. Some sales were made under pre-arranged Rule 10b5-1 plans, which limits concerns about timing, but the broad selling still adds uncertainty for investors. Article Title
• Negative Sentiment: The most recent headlines focus on insider selling by Fastly’s top leadership, which can pressure sentiment because investors may view it as reduced conviction in the stock near current levels, even though the trades were relatively modest compared with their remaining ownership. Article Title

Analysts Set New Price Targets

FSLY has been the subject of several research analyst reports. Royal Bank Of Canada reduced their target price on Fastly to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. KeyCorp increased their target price on Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Raymond James Financial upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Friday, May 8th. Finally, Craig Hallum cut Fastly from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.63.

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently made changes to their positions in the company. Divisadero Street Capital Management LP acquired a new stake in shares of Fastly during the 3rd quarter valued at approximately $21,174,000. Vanguard Group Inc. raised its position in shares of Fastly by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock valued at $142,500,000 after acquiring an additional 554,909 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Fastly during the 3rd quarter valued at approximately $781,000. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Fastly during the 3rd quarter valued at approximately $1,002,000. Finally, Hussman Strategic Advisors Inc. raised its position in shares of Fastly by 100.0% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 210,000 shares of the company’s stock valued at $1,796,000 after acquiring an additional 105,000 shares in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.