Fastly, Inc. (NYSE:FSLY – Get Free Report) CTO Artur Bergman sold 40,000 shares of Fastly stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.77, for a total transaction of $430,800.00. Following the completion of the sale, the chief technology officer directly owned 3,038,558 shares of the company’s stock, valued at approximately $32,725,269.66. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Artur Bergman also recently made the following trade(s):
- 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 value of $658,437.44.
- On Wednesday, November 12th, Artur Bergman sold 2,718 shares of Fastly stock. The stock was sold at an average price of $12.51, for a total value 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.
- On Thursday, November 6th, Artur Bergman sold 220,000 shares of Fastly stock. The shares were sold at an average price of $10.67, for a total value of $2,347,400.00.
- 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 shares were 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.
Fastly Stock Up 3.6%
FSLY opened at $10.92 on Friday. The firm’s 50 day simple moving average is $9.06 and its two-hundred day simple moving average is $7.87. The company has a market capitalization of $1.63 billion, a PE ratio of -11.37 and a beta of 1.21. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.54. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.
Analysts Set New Price Targets
Several research firms have recently commented on FSLY. DA Davidson raised their price objective on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Citigroup raised their target price on shares of Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada lifted their price target on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Craig Hallum upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Thursday, August 7th. Finally, Oppenheimer initiated coverage on shares of Fastly in a research report on Monday. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.36.
Get Our Latest Research Report on Fastly
Institutional Investors Weigh In On Fastly
Institutional investors have recently added to or reduced their stakes in the stock. Banque Transatlantique SA bought a new stake in shares of Fastly during the first quarter valued at approximately $38,000. Byrne Asset Management LLC bought a new stake in Fastly in the 3rd quarter valued at $43,000. Quarry LP purchased a new stake in Fastly in the 3rd quarter worth $49,000. Geneos Wealth Management Inc. purchased a new stake in Fastly in the 1st quarter worth $52,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Fastly during the 3rd quarter valued at about $56,000. 79.71% of the stock is owned by hedge funds and other institutional investors.
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.
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