Fastly (NYSE:FSLY) CTO Sells $420,000.00 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.50, for a total transaction of $420,000.00. Following the completion of the transaction, the chief technology officer owned 2,810,579 shares in the company, valued at approximately $29,511,079.50. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 8th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.66, for a total transaction 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.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The shares were 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 stock was 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 shares were 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 transaction of $430,800.00.
• On Wednesday, November 12th, Artur Bergman sold 2,718 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total transaction of $34,002.18.
• On Monday, November 10th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $11.92, for a total value of $476,800.00.

Fastly Price Performance

NYSE FSLY traded down $0.18 during midday trading on Wednesday, hitting $10.00. The company had a trading volume of 2,227,048 shares, compared to its average volume of 3,292,529. The firm has a 50-day moving average price of $9.93 and a 200-day moving average price of $8.32. The company has a market capitalization of $1.49 billion, a PE ratio of -10.41 and a beta of 0.97. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $12.59.

Fastly (NYSE:FSLY) last released its earnings results 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. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The firm had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. During the same period in the prior year, the company earned $0.02 earnings per share. The company’s quarterly 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, analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new position in shares of Fastly during the third quarter valued at $61,864,000. Divisadero Street Capital Management LP acquired a new stake in Fastly in the third quarter valued at $21,174,000. Marshall Wace LLP raised its position in Fastly by 115.2% during the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after purchasing an additional 1,811,935 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Fastly by 3,941.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after purchasing an additional 1,296,119 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in Fastly by 288.8% during the 3rd quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock worth $13,011,000 after buying an additional 1,130,293 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on FSLY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Citigroup upped their price objective on shares of Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research report on Monday. Piper Sandler boosted their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.64.

Fastly Company Profile

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.