Artur Bergman Sells 6,225 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 6,225 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.96, for a total value of $105,576.00. Following the sale, the chief technology officer owned 2,046,527 shares in the company, valued at approximately $34,709,097.92. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, May 28th, Artur Bergman sold 1,077 shares of Fastly stock. The shares were sold at an average price of $17.02, for a total value of $18,330.54.
  • On Wednesday, May 27th, Artur Bergman sold 852 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total value of $14,910.00.
  • On Tuesday, May 19th, Artur Bergman sold 31,848 shares of Fastly stock. The shares were sold at an average price of $16.41, for a total value of $522,625.68.
  • On Monday, May 18th, Artur Bergman sold 32,181 shares of Fastly stock. The shares were sold at an average price of $16.85, for a total value of $542,249.85.
  • On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The shares were sold at an average price of $22.79, for a total value of $6,039,350.00.
  • On Monday, March 9th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $21.07, for a total value of $842,800.00.
  • On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $20.69, for a total value of $643,024.51.
  • On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were sold at an average price of $21.06, for a total value of $516,643.92.

Fastly Trading Up 0.3%

Shares of FSLY stock opened at $20.83 on Thursday. Fastly, Inc. has a 1 year low of $6.29 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s 50 day simple moving average is $23.74 and its two-hundred day simple moving average is $17.08. The company has a market cap of $3.26 billion, a PE ratio of -21.70 and a beta of 0.49.

Institutional Investors Weigh In On Fastly

Several hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Fastly in the fourth quarter worth approximately $41,000. Align Financial LLC bought a new position in Fastly in the fourth quarter worth approximately $41,000. Sound Income Strategies LLC bought a new position in Fastly in the first quarter worth approximately $44,000. Finally, Quarry LP bought a new position in Fastly in the third quarter worth approximately $49,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FSLY shares. William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. Royal Bank Of Canada reduced their price target on Fastly to $18.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Evercore initiated coverage on Fastly in a report on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 price target on the stock. Citigroup increased their price target on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, DA Davidson set a $13.00 price target on Fastly in a report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fastly currently has an average rating of “Hold” and a consensus target price of $22.63.

View Our Latest Research Report on FSLY

Key Fastly News

Here are the key news stories impacting Fastly this week:

About Fastly

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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.

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

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