Insider Selling: Fastly (NYSE:FSLY) CTO Sells 220,000 Shares of Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 220,000 shares of Fastly stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $10.67, for a total value of $2,347,400.00. Following the completion of the sale, the chief technology officer directly owned 3,121,276 shares of the company’s stock, valued at $33,304,014.92. The trade was a 6.58% decrease in their ownership of the stock. The sale 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, November 3rd, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.21, for a total value of $164,200.00.
  • On Monday, October 27th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.34, for a total value of $166,800.00.
  • On Monday, October 20th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.23, for a total transaction of $164,600.00.
  • On Monday, October 13th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.22, for a total transaction of $164,400.00.
  • On Monday, October 6th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.76, for a total transaction of $175,200.00.
  • On Monday, September 29th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.53, for a total transaction of $170,600.00.
  • On Monday, September 22nd, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.70, for a total transaction of $174,000.00.
  • On Monday, September 15th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.56, for a total transaction of $171,200.00.
  • On Monday, September 8th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total transaction of $149,000.00.
  • On Tuesday, September 2nd, Artur Bergman sold 58,138 shares of Fastly stock. The stock was sold at an average price of $7.41, for a total value of $430,802.58.

Fastly Stock Up 3.0%

Shares of NYSE FSLY traded up $0.35 during mid-day trading on Monday, hitting $11.91. The company had a trading volume of 5,909,273 shares, compared to its average volume of 3,069,112. The company has a market capitalization of $1.76 billion, a PE ratio of -12.41 and a beta of 1.21. The business’s 50-day simple moving average is $8.33 and its 200 day simple moving average is $7.52. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.49.

Fastly (NYSE:FSLYGet Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative return on equity of 11.96% and a negative net margin of 23.49%.The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS. FY 2025 guidance at 0.030-0.070 EPS. On average, analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FSLY shares. Royal Bank Of Canada raised their price objective on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a report on Thursday. Craig Hallum raised Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, August 7th. Piper Sandler lifted their price target on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.83.

View Our Latest Report on Fastly

Hedge Funds Weigh In On Fastly

Several large investors have recently bought and sold shares of FSLY. Byrne Asset Management LLC acquired a new stake in shares of Fastly during the third quarter worth about $43,000. Banque Transatlantique SA purchased a new position in Fastly during the 1st quarter worth approximately $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Fastly during the 3rd quarter worth approximately $56,000. State of Alaska Department of Revenue acquired a new position in Fastly during the third quarter worth approximately $57,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Fastly in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.

Further Reading

Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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