Fastly (NYSE:FSLY) CTO Artur Bergman Sells 20,000 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 20,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $9.35, for a total value of $187,000.00. Following the transaction, the chief technology officer directly owned 2,670,579 shares of the company’s stock, valued at approximately $24,969,913.65. This represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, January 5th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.27, for a total transaction of $410,800.00.
• On Monday, December 29th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.23, for a total transaction of $409,200.00.
• On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.59, for a total transaction of $423,600.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.50, for a total transaction of $420,000.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total value of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.66, for a total value of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total value of $40,307.22.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The stock was sold at an average price of $11.51, for a total value of $472,830.80.
• On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The shares were sold at an average price of $11.82, for a total value of $10,035.18.
• On Monday, November 24th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $11.43, for a total transaction of $457,200.00.

Fastly Stock Down 0.8%

Shares of Fastly stock traded down $0.07 during trading hours on Wednesday, hitting $9.20. The company had a trading volume of 3,092,586 shares, compared to its average volume of 3,369,742. 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 company’s 50-day moving average is $10.69 and its two-hundred day moving average is $8.72. The company has a market cap of $1.37 billion, a P/E ratio of -9.58 and a beta of 0.98. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $12.59.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The firm had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. During the same period in the previous year, the company earned $0.02 earnings per share. Fastly’s quarterly revenue was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FSLY shares. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Citigroup raised their price objective on shares of Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada upped their target price on shares of Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a report on Monday, January 5th. Oppenheimer initiated coverage on Fastly in a research report on Monday, November 17th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.93.

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new stake in shares of Fastly in the 3rd quarter valued at approximately $43,000. Quarry LP purchased a new position in Fastly in the third quarter worth $49,000. Geneos Wealth Management Inc. acquired a new stake in Fastly in the first quarter valued at $52,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Fastly during the 3rd quarter worth $56,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Fastly during the 3rd quarter worth $57,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

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.