Fastly, Inc. (NYSE:FSLY) CTO Sells $297,002.82 in Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 29,641 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $10.02, for a total transaction of $297,002.82. Following the completion of the sale, the chief technology officer now directly owns 6,058,595 shares of the company’s stock, valued at approximately $60,707,121.90. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, December 2nd, Artur Bergman sold 29,858 shares of Fastly stock. The shares were sold at an average price of $10.07, for a total transaction of $300,670.06.
  • On Monday, November 18th, Artur Bergman sold 16,922 shares of Fastly stock. The shares were sold at an average price of $6.25, for a total transaction of $105,762.50.
  • On Wednesday, November 6th, Artur Bergman sold 49,178 shares of Fastly stock. The shares were sold at an average price of $8.07, for a total transaction of $396,866.46.

Fastly Stock Performance

Shares of FSLY stock opened at $10.30 on Wednesday. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Fastly, Inc. has a 52 week low of $5.52 and a 52 week high of $25.87. The stock has a market capitalization of $1.45 billion, a PE ratio of -9.45 and a beta of 1.27. The firm has a 50 day moving average of $7.72 and a two-hundred day moving average of $7.32.

Fastly (NYSE:FSLYGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.08. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The company had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $131.86 million. During the same quarter last year, the company posted ($0.33) EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts predict that Fastly, Inc. will post -0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Fastly

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in shares of Fastly in the 2nd quarter valued at $38,000. FMR LLC raised its holdings in shares of Fastly by 124.2% in the 3rd quarter. FMR LLC now owns 6,357 shares of the company’s stock valued at $48,000 after purchasing an additional 3,522 shares in the last quarter. EMC Capital Management raised its holdings in shares of Fastly by 400.0% in the 2nd quarter. EMC Capital Management now owns 7,500 shares of the company’s stock valued at $54,000 after purchasing an additional 6,000 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Fastly by 95.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,849 shares of the company’s stock valued at $65,000 after purchasing an additional 4,318 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Fastly in the 3rd quarter valued at $89,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSLY. Craig Hallum increased their price target on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. DA Davidson increased their price objective on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Fastly from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Raymond James cut shares of Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley lowered their price objective on shares of Fastly from $12.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Fastly presently has a consensus rating of “Hold” and a consensus price target of $8.55.

Check Out Our Latest Research Report on Fastly

Fastly Company Profile

(Get Free Report)

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.

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