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

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $10.23, for a total transaction of $409,200.00. Following the sale, the chief technology officer directly owned 2,730,579 shares of the company’s stock, valued at approximately $27,933,823.17. The trade was a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 value 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 transaction of $472,830.80.
• On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The shares were sold at an average price of $11.82, for a total transaction 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 transaction of $457,200.00.
• On Tuesday, November 18th, Artur Bergman sold 62,828 shares of Fastly stock. The stock was sold at an average price of $10.48, for a total transaction 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.

Fastly Trading Down 0.7%

FSLY traded down $0.07 during mid-day trading on Tuesday, reaching $10.14. The stock had a trading volume of 1,530,137 shares, compared to its average volume of 3,268,658. The firm’s fifty day simple moving average is $10.30 and its two-hundred day simple moving average is $8.48. The stock has a market capitalization of $1.51 billion, a P/E ratio of -10.56 and a beta of 0.97. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.59. 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 (NYSE:FSLY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $158.22 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. 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 analysts predict that Fastly, Inc. will post -0.78 EPS for the current year.

Institutional Investors Weigh In On Fastly

Several large investors have recently modified their holdings of the business. Invesco Ltd. increased its stake in Fastly by 37.0% in the 1st quarter. Invesco Ltd. now owns 224,192 shares of the company’s stock valued at $1,419,000 after buying an additional 60,524 shares during the last quarter. American Century Companies Inc. raised its holdings in Fastly by 322.1% during the first quarter. American Century Companies Inc. now owns 128,481 shares of the company’s stock worth $813,000 after acquiring an additional 98,043 shares in the last quarter. Hsbc Holdings PLC boosted its position in Fastly by 6.1% during the first quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock valued at $175,000 after purchasing an additional 1,612 shares during the last quarter. AlphaQuest LLC grew its stake in Fastly by 192.4% in the first quarter. AlphaQuest LLC now owns 13,771 shares of the company’s stock valued at $87,000 after purchasing an additional 9,061 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of Fastly during the 1st quarter worth approximately $147,000. 79.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FSLY shares. DA Davidson lifted their price target on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada upped their target price on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Piper Sandler upped their price objective on Fastly from $7.50 to $10.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Oppenheimer began coverage on Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Two investment 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 data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.64.

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.