Fastly (NYSE:FSLY) CTO Artur Bergman Sells 41,080 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 41,080 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $11.51, for a total transaction of $472,830.80. Following the sale, the chief technology officer owned 2,893,801 shares of the company’s stock, valued at approximately $33,307,649.51. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 shares were 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 stock was 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 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 value of $476,800.00.
• On Thursday, November 6th, Artur Bergman sold 220,000 shares of Fastly stock. The stock was sold at an average price of $10.67, for a total value 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 value 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 transaction 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 transaction of $164,600.00.

Fastly Stock Down 1.0%

Fastly stock opened at $11.65 on Wednesday. The company has a market capitalization of $1.74 billion, a PE ratio of -12.13 and a beta of 0.97. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $12.59. The firm’s fifty day moving average is $9.50 and its 200 day moving average is $8.08. 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 posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping 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 business had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. During the same period last year, the company posted $0.02 earnings per share. The business’s quarterly revenue 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, sell-side analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FSLY has been the topic of several recent research reports. DA Davidson increased their price target on Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Royal Bank Of Canada increased their target price on Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Craig Hallum upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Wednesday, October 8th. Finally, Piper Sandler raised their price objective on shares of Fastly from $7.50 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fastly currently has an average rating of “Hold” and an average target price of $10.08.

Institutional Trading of Fastly

Several institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of Fastly in the third quarter valued at about $61,864,000. Divisadero Street Capital Management LP purchased a new stake in Fastly in the 3rd quarter valued at about $21,174,000. Marshall Wace LLP lifted its position in shares of Fastly by 115.2% during the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after buying an additional 1,811,935 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Fastly by 3,941.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after buying an additional 1,296,119 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of Fastly by 288.8% in the 3rd quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock worth $13,011,000 after buying an additional 1,130,293 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.

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.