Insider Selling: Fastly (NYSE:FSLY) CTO Sells 200,847 Shares of Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 200,847 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $18.42, for a total transaction of $3,699,601.74. Following the completion of the transaction, the chief technology officer directly owned 2,299,711 shares in the company, valued at approximately $42,360,676.62. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $701,200.00.
  • On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The stock was sold at an average price of $18.25, for a total value of $367,336.00.
  • On Monday, February 9th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.84, for a total value of $176,800.00.
  • On Monday, February 2nd, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $9.36, for a total value of $187,200.00.
  • On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The shares were sold at an average price of $10.40, for a total value of $512,928.00.
  • On Monday, January 26th, Artur Bergman sold 30,680 shares of Fastly stock. The stock was sold at an average price of $9.92, for a total value of $304,345.60.
  • 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 transaction 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 shares were 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 transaction of $409,200.00.

Fastly Trading Up 6.6%

FSLY traded up $1.17 during trading hours on Wednesday, reaching $18.83. The company’s stock had a trading volume of 16,537,580 shares, compared to its average volume of 10,021,898. The stock has a market cap of $2.81 billion, a PE ratio of -19.61 and a beta of 1.03. Fastly, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $19.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The business’s 50-day moving average is $10.32 and its 200-day moving average is $9.33.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Piper Sandler reiterated a “neutral” rating and set a $14.00 price target (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. Citigroup upped their price objective on shares of Fastly from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. William Blair raised shares of Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. Finally, DA Davidson set a $13.00 target price on Fastly in a research report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Read Our Latest Analysis on FSLY

Institutional Trading of Fastly

Several hedge funds have recently added to or reduced their stakes in FSLY. Align Financial LLC purchased a new position in Fastly in the fourth quarter worth approximately $41,000. Byrne Asset Management LLC acquired a new stake in shares of Fastly in the 3rd quarter valued at $43,000. Quarry LP purchased a new stake in shares of Fastly during the 3rd quarter worth $49,000. Geneos Wealth Management Inc. purchased a new stake in shares of Fastly during the 1st quarter worth $52,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Fastly during the fourth quarter worth $54,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

About Fastly

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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