Insider Selling: Fastly (NYSE:FSLY) CTO Sells $2,347,400.00 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 220,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $10.67, for a total value of $2,347,400.00. Following the completion of the sale, the chief technology officer directly owned 3,121,276 shares of the company’s stock, valued at approximately $33,304,014.92. This represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 10th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $11.92, for a total value of $476,800.00.
• 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 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 shares were 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 stock was sold at an average price of $8.76, for a total transaction 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 shares were sold at an average price of $8.70, for a total transaction of $174,000.00.
• On Monday, September 15th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.56, for a total transaction of $171,200.00.
• On Monday, September 8th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total value of $149,000.00.

Fastly Stock Performance

Shares of NYSE FSLY opened at $11.88 on Thursday. The business’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $7.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.49. Fastly, Inc. has a one year low of $4.65 and a one year high of $12.54. The company has a market capitalization of $1.77 billion, a P/E ratio of -12.37 and a beta of 1.21.

Fastly (NYSE:FSLY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share 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 business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the business 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. Analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSLY has been the subject of a number of analyst reports. Piper Sandler lifted their target price 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. Craig Hallum upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Finally, DA Davidson raised their target price on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.36.

Institutional Investors Weigh In On Fastly

Several hedge funds and other institutional investors have recently made changes to their positions in FSLY. Teacher Retirement System of Texas acquired a new position in shares of Fastly during the 1st quarter worth about $123,000. Bank of New York Mellon Corp increased its position in Fastly by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,796,501 shares of the company’s stock worth $11,372,000 after buying an additional 75,904 shares during the period. CWM LLC lifted its holdings in shares of Fastly by 37.9% during the first quarter. CWM LLC now owns 17,371 shares of the company’s stock worth $110,000 after buying an additional 4,777 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Fastly by 33.2% during the first quarter. SBI Securities Co. Ltd. now owns 22,646 shares of the company’s stock worth $143,000 after buying an additional 5,639 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in shares of Fastly in the first quarter valued at approximately $111,000. 79.71% of the stock is owned by institutional investors and hedge funds.

About Fastly

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.