Fastly (NASDAQ:FSLY) CTO Sells $143,175.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 6,225 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $23.00, for a total value of $143,175.00. Following the completion of the sale, the chief technology officer owned 1,913,825 shares of the company’s stock, valued at $44,017,975. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The shares were sold at an average price of $24.08, for a total value of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was 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 shares were sold at an average price of $28.60, for a total transaction of $926,268.20.

Fastly Stock Down 2.5%

Fastly stock opened at $20.59 on Friday. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.28 billion, a P/E ratio of -38.85 and a beta of 0.36. The business has a fifty day moving average of $22.22 and a two-hundred day moving average of $22.08. Fastly, Inc. has a twelve month low of $7.28 and a twelve month high of $34.82.

Fastly (NASDAQ:FSLY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. 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.

Wall Street Analysts Forecast Growth

FSLY has been the subject of several research analyst reports. Piper Sandler raised their price objective on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. 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 objective for the company. Royal Bank Of Canada increased their price objective on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Finally, Evercore restated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi raised its position in shares of Fastly by 11.3% in the first quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after acquiring an additional 4,724 shares during the period. AQR Capital Management LLC purchased a new position in shares of Fastly in the 1st quarter valued at about $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Fastly by 1.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after purchasing an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after purchasing an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Fastly by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after purchasing an additional 165,937 shares during the period. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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.