Fastly (NYSE:FSLY) CTO Artur Bergman Sells 40,000 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of Fastly stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $10.59, for a total value of $423,600.00. Following the sale, the chief technology officer owned 2,770,579 shares of the company’s stock, valued at approximately $29,340,431.61. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 transaction 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 transaction of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The stock was sold at an average price of $12.51, for a total transaction of $40,307.22.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The shares were sold at an average price of $11.51, for a total transaction 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 transaction 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.
• 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 Monday, November 17th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.77, for a total value of $430,800.00.
• 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.

Fastly Stock Performance

Shares of NYSE FSLY opened at $10.43 on Wednesday. The business’s 50-day simple moving average is $10.12 and its 200-day simple moving average is $8.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.59. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -10.86 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FSLY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citigroup boosted their price objective on 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 increased their target price on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Finally, Piper Sandler lifted their price target on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.64.

Institutional Investors Weigh In On Fastly

Several hedge funds have recently made changes to their positions in the stock. Byrne Asset Management LLC bought a new position in Fastly during the third quarter valued at about $43,000. Quarry LP bought a new stake in shares of Fastly in the 3rd quarter worth approximately $49,000. Banque Transatlantique SA acquired a new stake in shares of Fastly during the 1st quarter worth approximately $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Fastly during the third quarter valued at approximately $56,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Fastly in the third quarter valued at $57,000. Institutional investors own 79.71% of the company’s stock.

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.