Fastly (NASDAQ:FSLY) CTO Sells $762,367.87 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 31,079 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $24.53, for a total transaction of $762,367.87. Following the transaction, the chief technology officer directly owned 1,599,706 shares in the company, valued at $39,240,788.18. The trade was a 1.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 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.
• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The shares were sold at an average price of $22.72, for a total value of $203,571.20.
• 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 value 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 value 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 value of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total value of $143,175.00.
• 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 value 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 value of $926,268.20.

Fastly Trading Down 3.1%

Shares of NASDAQ FSLY traded down $0.76 on Wednesday, reaching $23.54. 3,518,124 shares of the company traded hands, compared to its average volume of 9,236,093. Fastly, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $34.82. The company has a 50 day moving average of $22.85 and a 200 day moving average of $22.35. 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 capitalization of $3.75 billion, a PE ratio of -44.42 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last released its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $183.32 million for the quarter, compared to analysts’ expectations 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. On average, equities research analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently made changes to their positions in FSLY. First Trust Advisors LP increased its holdings in Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Fastly by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after purchasing an additional 11,022 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Fastly by 120.0% during the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Fastly by 90.7% in the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock worth $19,918,000 after buying an additional 326,087 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Fastly in the second quarter valued at about $8,696,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FSLY. Canaccord Genuity Group started coverage on Fastly in a report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. KeyCorp lifted their target price on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Freedom Capital raised Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Evercore reaffirmed an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Finally, Piper Sandler boosted their target price on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.33.

Fastly Company Profile

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.