Artur Bergman Sells 40,000 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $11.43, for a total value of $457,200.00. Following the sale, the chief technology officer owned 2,935,730 shares of the company’s stock, valued at approximately $33,555,393.90. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 18th, Artur Bergman sold 62,828 shares of Fastly stock. The shares were sold at an average price of $10.48, for a total value of $658,437.44.
• On Monday, November 17th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.77, for a total value of $430,800.00.
• On Wednesday, November 12th, Artur Bergman sold 2,718 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total value of $34,002.18.
• On Monday, November 10th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $11.92, for a total value of $476,800.00.
• On Thursday, November 6th, Artur Bergman sold 220,000 shares of Fastly stock. The stock was sold at an average price of $10.67, for a total transaction of $2,347,400.00.
• On Monday, November 3rd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.21, for a total transaction of $164,200.00.
• On Monday, October 27th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.34, for a total transaction of $166,800.00.
• On Monday, October 20th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.23, for a total transaction of $164,600.00.
• On Monday, October 13th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.22, for a total transaction of $164,400.00.
• On Monday, October 6th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.76, for a total transaction of $175,200.00.

Fastly Stock Up 6.2%

NYSE FSLY traded up $0.72 on Tuesday, hitting $12.34. The stock had a trading volume of 4,487,675 shares, compared to its average volume of 3,135,437. The business’s fifty day moving average price is $9.12 and its 200 day moving average price is $7.92. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -12.86 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $12.54.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The firm had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. Equities research analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On Fastly

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSLY. Penserra Capital Management LLC purchased a new position in shares of Fastly during the 3rd quarter valued at about $61,864,000. Divisadero Street Capital Management LP acquired a new stake in Fastly during the third quarter worth about $21,174,000. Marshall Wace LLP raised its position in Fastly by 115.2% during the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock valued at $23,899,000 after acquiring an additional 1,811,935 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Fastly by 3,941.1% in the second quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock valued at $9,383,000 after acquiring an additional 1,296,119 shares during the period. Finally, Algert Global LLC lifted its holdings in Fastly by 288.8% in the third quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock valued at $13,011,000 after acquiring an additional 1,130,293 shares during the period. 79.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSLY has been the topic of a number of research analyst reports. DA Davidson boosted their price target on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Piper Sandler boosted their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Royal Bank Of Canada upped their price target on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Craig Hallum upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Thursday, August 7th. Finally, Citigroup upped their target price on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.36.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.