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

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $11.92, for a total value of $476,800.00. Following the sale, the chief technology officer owned 3,081,276 shares of the company’s stock, valued at approximately $36,728,809.92. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were 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.
• 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 transaction 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 value 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.
• On Monday, September 15th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.56, for a total value of $171,200.00.
• On Monday, September 8th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $7.45, for a total transaction of $149,000.00.

Fastly Stock Performance

Shares of FSLY traded down $0.11 during trading hours on Wednesday, reaching $11.88. 5,771,335 shares of the company traded hands, compared to its average volume of 3,089,556. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.46. The stock’s fifty day moving average is $8.51 and its 200 day moving average is $7.61. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.54. The stock has a market cap of $1.77 billion, a P/E ratio of -12.37 and a beta of 1.21.

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

Institutional Investors Weigh In On Fastly

Several large investors have recently made changes to their positions in the stock. Byrne Asset Management LLC bought a new stake in shares of Fastly during the 3rd quarter valued at approximately $43,000. Banque Transatlantique SA acquired a new stake in shares of Fastly during the first quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in Fastly during the third quarter worth $56,000. State of Alaska Department of Revenue bought a new position in shares of Fastly in the third quarter valued at $57,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Fastly during the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FSLY shares. Citigroup upped their price objective on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday. Craig Hallum upgraded Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. DA Davidson boosted their target price on shares of Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Royal Bank Of Canada upped their target price on shares of Fastly from $7.00 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fastly currently has a consensus rating of “Hold” and a consensus target price of $10.36.

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.