Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 851 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 851 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $24.08, for a total transaction of $20,492.08. Following the transaction, the chief technology officer directly owned 1,920,050 shares of the company’s stock, valued at $46,234,804. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The shares were sold at an average price of $24.72, for a total transaction of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total value of $926,268.20.
• On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The shares were sold at an average price of $20.96, for a total transaction of $165,353.44.

Fastly Price Performance

Shares of FSLY stock opened at $22.79 on Tuesday. Fastly, Inc. has a 1 year low of $7.05 and a 1 year high of $34.82. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $21.89 and its 200-day moving average is $21.96. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of -43.00 and a beta of 0.34.

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

Analyst Upgrades and Downgrades

FSLY has been the topic of several recent research reports. Piper Sandler raised their target price on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Canaccord Genuity Group began coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 price target for the company. Raymond James Financial restated an “outperform” rating and issued a $29.00 price objective on shares of Fastly in a report on Thursday, August 6th. KeyCorp raised their price objective on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Freedom Capital raised shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.33.

Institutional Trading of Fastly

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in Fastly by 84.6% during the 1st 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 during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Fastly during the fourth quarter valued at approximately $41,000. Align Financial LLC bought a new stake in Fastly in the fourth quarter valued at approximately $41,000. Sound Income Strategies LLC bought a new stake in Fastly in the first quarter valued at approximately $44,000. Finally, Quarry LP acquired a new stake in Fastly in the third quarter worth $49,000. 79.71% of the stock is owned by institutional investors.

About Fastly

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.