Fastly (NYSE:FSLY) CTO Artur Bergman Sells 30,680 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 30,680 shares of Fastly stock in a transaction on Monday, January 26th. The stock was sold at an average price of $9.92, for a total value of $304,345.60. Following the sale, the chief technology officer owned 2,619,899 shares in the company, valued at $25,989,398.08. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The stock was sold at an average price of $10.40, for a total value of $512,928.00.
• On Tuesday, January 20th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.18, for a total transaction of $163,600.00.
• On Monday, January 12th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $9.35, for a total transaction of $187,000.00.
• On Monday, January 5th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.27, for a total transaction of $410,800.00.
• On Monday, December 29th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.23, for a total transaction of $409,200.00.
• On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.59, for a total transaction of $423,600.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.50, for a total transaction of $420,000.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total value of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.66, for a total value of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The stock was sold at an average price of $12.51, for a total value of $40,307.22.

Fastly Stock Down 3.5%

Shares of NYSE FSLY opened at $9.92 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $1.48 billion, a PE ratio of -10.33 and a beta of 0.98. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.59. The business’s fifty day moving average price is $10.33 and its 200-day moving average price is $8.88.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on FSLY shares. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research note on Monday, December 15th. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Piper Sandler increased their price objective on Fastly from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Oppenheimer assumed coverage on Fastly in a research note on Monday, November 17th. They issued a “market perform” rating for the company. Finally, Royal Bank Of Canada upped their price target on Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.64.

Institutional Investors Weigh In On Fastly

Large investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new position in Fastly in the 3rd quarter worth about $43,000. Quarry LP bought a new stake in shares of Fastly during the 3rd quarter valued at about $49,000. Geneos Wealth Management Inc. bought a new stake in shares of Fastly during the 1st quarter valued at about $52,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Fastly during the third quarter worth about $56,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Fastly in the third quarter worth approximately $57,000. 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.