Artur Bergman Sells 32,181 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 32,181 shares of Fastly stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $16.85, for a total transaction of $542,249.85. Following the completion of the transaction, the chief technology officer directly owned 2,086,529 shares in the company, valued at approximately $35,158,013.65. The trade was a 1.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 19th, Artur Bergman sold 31,848 shares of Fastly stock. The stock was sold at an average price of $16.41, for a total transaction of $522,625.68.
• On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The stock was sold at an average price of $22.79, for a total transaction of $6,039,350.00.
• On Monday, March 9th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $21.07, for a total transaction of $842,800.00.
• On Monday, March 2nd, Artur Bergman sold 275,234 shares of Fastly stock. The stock was sold at an average price of $20.56, for a total transaction of $5,658,811.04.
• On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $20.69, for a total transaction of $643,024.51.
• On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The stock was sold at an average price of $21.06, for a total transaction of $516,643.92.
• On Friday, February 27th, Artur Bergman sold 869 shares of Fastly stock. The stock was sold at an average price of $17.50, for a total transaction of $15,207.50.
• On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $17.08, for a total transaction of $683,200.00.
• On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The stock was sold at an average price of $20.10, for a total transaction of $694,977.60.
• On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The stock was sold at an average price of $18.89, for a total transaction of $753,352.09.

Fastly Stock Down 4.2%

FSLY stock opened at $16.40 on Friday. The firm has a 50 day moving average of $25.03 and a 200 day moving average of $16.60. The stock has a market capitalization of $2.57 billion, a PE ratio of -17.08 and a beta of 0.49. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a 52 week low of $6.29 and a 52 week high of $34.82.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s business momentum may be improving from AI-driven usage, with reports that compute-related revenues and “other revenues” are benefiting as customers adopt edge computing and LLM-ready features. Article Title
• Neutral Sentiment: Several Fastly executives disclosed stock sales over May 18-19, including CEO Charles Lacey Compton III, CFO Richard Wong, CTO Artur Bergman, and insider Scott R. Lovett. Some sales were made under pre-arranged Rule 10b5-1 plans, which limits concerns about timing, but the broad selling still adds uncertainty for investors. Article Title
• Negative Sentiment: The most recent headlines focus on insider selling by Fastly’s top leadership, which can pressure sentiment because investors may view it as reduced conviction in the stock near current levels, even though the trades were relatively modest compared with their remaining ownership. Article Title

Institutional Trading of Fastly

Several institutional investors and hedge funds have recently bought and sold shares of FSLY. Penserra Capital Management LLC acquired a new stake in Fastly during the 3rd quarter valued at approximately $61,864,000. Alyeska Investment Group L.P. lifted its stake in Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock valued at $48,754,000 after acquiring an additional 4,623,767 shares during the period. First Trust Advisors LP lifted its stake in Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after acquiring an additional 3,524,763 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Fastly during the 3rd quarter valued at approximately $21,174,000. Finally, Balyasny Asset Management L.P. lifted its stake 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 valued at $9,383,000 after acquiring an additional 1,296,119 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSLY has been the subject of a number of recent analyst reports. DA Davidson set a $13.00 target price on shares of Fastly in a research note on Thursday, February 12th. William Blair upgraded shares of Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Evercore initiated coverage on shares of Fastly in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 target price for the company. Royal Bank Of Canada lowered their target price on shares of Fastly to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, Craig Hallum cut shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.63.

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.