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

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $10.27, for a total transaction of $410,800.00. Following the sale, the chief technology officer directly owned 2,690,579 shares in the company, valued at $27,632,246.33. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 29th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was 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 shares were sold at an average price of $10.50, for a total value 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 stock was 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 shares were sold at an average price of $12.51, for a total value of $40,307.22.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The stock was sold at an average price of $11.51, for a total value of $472,830.80.
• On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The stock was sold at an average price of $11.82, for a total value of $10,035.18.
• On Monday, November 24th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $11.43, for a total value of $457,200.00.
• 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 transaction of $658,437.44.

Fastly Stock Up 4.6%

Fastly stock opened at $10.53 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.59. The company has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $8.63. The firm has a market capitalization of $1.57 billion, a P/E ratio of -10.97 and a beta of 0.98.

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

Institutional Investors Weigh In On Fastly

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vident Advisory LLC boosted its position in shares of Fastly by 4.4% during the 1st quarter. Vident Advisory LLC now owns 34,316 shares of the company’s stock valued at $217,000 after purchasing an additional 1,438 shares in the last quarter. Amundi lifted its stake in Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after purchasing an additional 4,724 shares during the last quarter. AQR Capital Management LLC bought a new stake in Fastly during the first quarter worth approximately $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Fastly by 1.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after buying an additional 6,247 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Fastly by 963.6% in the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after buying an additional 55,118 shares in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FSLY has been the topic of several recent analyst reports. KeyCorp raised Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Monday, December 15th. Piper Sandler raised their price target on Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday. Citigroup lifted their price objective on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. DA Davidson increased their target price on shares of Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, Oppenheimer started coverage on shares of Fastly in a research note on Monday, November 17th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.93.

About Fastly

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.