Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 2,500 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $25.14, for a total transaction of $62,850.00. Following the completion of the transaction, the chief technology officer owned 1,597,206 shares in the company, valued at $40,153,758.84. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $24.53, for a total value of $762,367.87.
• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The stock was sold at an average price of $22.72, for a total transaction of $203,571.20.
• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total transaction of $6,753.00.
• On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The shares were sold at an average price of $20.90, for a total value of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total value of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total transaction of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The stock was sold at an average price of $24.08, for a total transaction of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was sold at an average price of $24.72, for a total value of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total transaction of $926,268.20.

Fastly Stock Performance

Fastly stock opened at $23.54 on Thursday. Fastly, Inc. has a 12-month low of $7.74 and a 12-month high of $34.82. The stock has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $22.39. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -44.42 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $183.32 million for the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, research analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after buying an additional 1,346 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of 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 acquiring an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Fastly during the 4th quarter valued at about $41,000. Sound Income Strategies LLC acquired a new position in shares of Fastly in the first quarter valued at approximately $44,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Fastly in the second quarter valued at approximately $48,000. 79.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group began coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Piper Sandler increased their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Evercore reissued an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Fastly in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fastly has an average rating of “Hold” and an average price target of $25.33.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.