Fastly (NYSE:FSLY) CTO Sells $304,345.60 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 30,680 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $9.92, for a total transaction of $304,345.60. Following the completion of the sale, the chief technology officer owned 2,619,899 shares of the company’s stock, valued at approximately $25,989,398.08. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 transaction of $512,928.00.
• On Tuesday, January 20th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.18, for a total value of $163,600.00.
• On Monday, January 12th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $9.35, for a total transaction of $187,000.00.
• 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 value 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 value of $423,600.00.
• 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 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 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 shares were sold at an average price of $12.51, for a total value of $40,307.22.

Fastly Stock Down 3.5%

Shares of NYSE:FSLY traded down $0.36 during trading on Wednesday, hitting $9.92. The stock had a trading volume of 3,677,765 shares, compared to its average volume of 3,550,418. Fastly, Inc. has a 12 month low of $4.65 and a 12 month high of $12.59. The company has a market capitalization of $1.48 billion, a PE ratio of -10.33 and a beta of 0.98. The firm’s fifty day moving average is $10.35 and its 200 day moving average is $8.88. 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 quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $158.22 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.02 earnings per share. 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 EPS for the current fiscal year.

Analysts Set New Price Targets

FSLY has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, December 15th. Citigroup dropped their price target on shares of Fastly from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. Oppenheimer began coverage on shares of Fastly in a research note on Monday, November 17th. They set a “market perform” rating for the company. Finally, Piper Sandler increased their price target on shares of Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.64.

Institutional Investors Weigh In On Fastly

A number of hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in shares of Fastly by 3.2% in the 3rd quarter. Arizona State Retirement System now owns 40,705 shares of the company’s stock worth $348,000 after buying an additional 1,253 shares during the last quarter. Parallax Volatility Advisers L.P. grew its position in Fastly by 13.8% during the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after buying an additional 1,465 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Fastly by 12.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,433 shares of the company’s stock valued at $137,000 after buying an additional 2,210 shares during the last quarter. 180 Wealth Advisors LLC raised its position in Fastly by 3.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 79,221 shares of the company’s stock worth $806,000 after acquiring an additional 2,860 shares during the period. Finally, Savant Capital LLC boosted its stake in shares of Fastly by 27.6% during the 3rd quarter. Savant Capital LLC now owns 18,721 shares of the company’s stock worth $160,000 after acquiring an additional 4,051 shares during the last quarter. 79.71% of the stock is currently 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.