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 on Monday, November 17th. The stock was sold at an average price of $10.77, for a total value 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 $32,725,269.66. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, November 12th, Artur Bergman sold 2,718 shares of Fastly stock. The shares were 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 transaction 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 transaction 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 transaction of $164,200.00.
• On Monday, October 27th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was 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 value 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 value 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 value 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.
• On Monday, September 22nd, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.70, for a total value of $174,000.00.

Fastly Price Performance

NYSE:FSLY opened at $11.23 on Thursday. The business’s 50-day simple moving average is $8.95 and its two-hundred day simple moving average is $7.81. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.54. The stock has a market cap of $1.68 billion, a PE ratio of -11.70 and a beta of 1.21. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FSLY shares. DA Davidson lifted their price objective on shares of Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada increased their price objective 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 raised Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.36.

Hedge Funds Weigh In On Fastly

A number of large investors have recently added to or reduced their stakes in FSLY. Banque Transatlantique SA purchased a new position in shares of Fastly in the 1st quarter valued at approximately $38,000. Byrne Asset Management LLC acquired a new position in Fastly during the 3rd quarter valued at approximately $43,000. Quarry LP purchased a new position in shares of Fastly in the third quarter worth $49,000. Geneos Wealth Management Inc. purchased a new stake in shares of Fastly during the first quarter valued at $52,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Fastly in the 3rd quarter valued at $56,000. 79.71% of the stock is currently owned by 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.