Insider Selling: Fastly (NYSE:FSLY) CTO Sells 869 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 869 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $17.50, for a total value of $15,207.50. Following the transaction, the chief technology officer owned 1,841,663 shares of the company’s stock, valued at $32,229,102.50. This trade represents a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.08, for a total value of $683,200.00.
• On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The shares were 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.
• On Wednesday, February 18th, Artur Bergman sold 18,338 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $321,465.14.
• On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $701,200.00.
• On Friday, February 13th, Artur Bergman sold 200,847 shares of Fastly stock. The stock was sold at an average price of $18.42, for a total transaction of $3,699,601.74.
• On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The stock was sold at an average price of $18.25, for a total transaction of $367,336.00.
• On Monday, February 9th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.84, for a total transaction of $176,800.00.
• On Monday, February 2nd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $9.36, for a total transaction of $187,200.00.
• On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The stock was sold at an average price of $10.40, for a total value of $512,928.00.

Fastly Price Performance

FSLY traded up $2.05 during trading on Monday, reaching $21.17. The stock had a trading volume of 16,958,826 shares, compared to its average volume of 11,092,895. The stock has a 50 day moving average of $11.57 and a two-hundred day moving average of $9.96. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of -22.05 and a beta of 1.03. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $21.23.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and set a $14.00 target price (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Royal Bank Of Canada raised their price objective on shares of Fastly from $12.00 to $20.00 and gave the company a “sector perform” rating in a research report on Monday. KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research note on Monday, December 15th. William Blair raised shares of Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Finally, Oppenheimer initiated coverage on shares of Fastly in a report on Monday, November 17th. They set a “market perform” rating for the company. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fastly presently has a consensus rating of “Hold” and a consensus target price of $13.14.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital lifted its price target on FSLY to $20 from $12 after investor meetings that the bank said reassured it about the company’s improving execution; that upgrade/visibility is a clear near-term catalyst. Why Is Fastly (FSLY) Stock Soaring Today
• Positive Sentiment: Unusual options activity: large call buying was reported (over 22,000 calls traded, ~82% above average), which can drive upward stock moves via bullish speculation and dealer hedging (gamma). This surge in call interest is being cited as a primary driver of today’s move. Fastly (NYSE:FSLY) Russell 1000 Stock Jumps on Call Surge
• Neutral Sentiment: Macro market tailwinds: analysts note broader U.S. equity momentum in March, which has supported stocks generally and may be amplifying FSLY’s rally. March Momentum: Why U.S. Equities are Primed for a Rally
• Neutral Sentiment: Valuation scrutiny: recent commentary lays out that FSLY has posted very strong short-term returns (30‑ and 90‑day gains) and investors are reassessing valuation and sustainability of momentum. That keeps upside contingent on execution. Assessing Fastly (FSLY) Valuation After A Sharp Short-Term Share Price Surge
• Negative Sentiment: Insider selling: Fastly’s CTO sold ~40,000 shares on Feb. 23 (approx. $683k), which some investors view as a cautionary signal even if routine. Fastly’s Chief Technology Officer Sold 40,000 Company Shares. Is the Stock a Buy or Sell?
• Negative Sentiment: RBC kept a “sector perform” rating despite the higher target; the new $20 target is roughly at/just below the current price, so the upgrade is not a full buy endorsement and leaves valuation upside limited unless execution continues to improve. What Analysts Are Saying About Fastly Stock

Institutional Trading of Fastly

Hedge funds have recently bought and sold shares of the company. Amundi increased its position in shares of Fastly by 11.3% in the first quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after acquiring an additional 4,724 shares in the last quarter. AQR Capital Management LLC purchased a new position in Fastly during the 1st quarter worth approximately $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Fastly by 1.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after purchasing an additional 6,247 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Fastly by 963.6% in the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after purchasing an additional 55,118 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Fastly by 7.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after purchasing an additional 165,937 shares in the last quarter. 79.71% of the stock is owned by hedge funds and other 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.