Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 31,687 Shares

by · The Cerbat Gem

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 31,687 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $24.72, for a total value of $783,302.64. Following the sale, the chief technology officer directly owned 1,973,504 shares in the company, valued at $48,785,018.88. This trade represents a 1.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total value of $926,268.20.
  • On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The shares were sold at an average price of $20.96, for a total value of $165,353.44.
  • On Friday, May 29th, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $16.96, for a total transaction of $105,576.00.
  • On Thursday, May 28th, Artur Bergman sold 1,077 shares of Fastly stock. The shares were sold at an average price of $17.02, for a total transaction of $18,330.54.
  • On Wednesday, May 27th, Artur Bergman sold 852 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total transaction of $14,910.00.

Fastly Price Performance

Fastly stock traded down $0.95 during midday trading on Thursday, reaching $22.71. 5,761,319 shares of the stock were exchanged, compared to its average volume of 9,739,349. The company’s fifty day moving average is $21.01 and its 200-day moving average is $21.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market cap of $3.62 billion, a PE ratio of -42.85 and a beta of 0.34. Fastly, Inc. has a 52 week low of $7.01 and a 52 week high of $34.82.

Fastly (NASDAQ:FSLY – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The business had revenue of $183.32 million for the quarter, compared to analysts’ expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, sell-side analysts forecast that Fastly, Inc. will post -0.29 EPS for the current year.

Institutional Trading of Fastly

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after acquiring an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Fastly during the fourth quarter valued at about $41,000. Align Financial LLC purchased a new stake in Fastly during the fourth quarter valued at about $41,000. Sound Income Strategies LLC bought a new stake in Fastly during the first quarter worth about $44,000. Finally, Quarry LP bought a new stake in Fastly during the third quarter worth about $49,000. 79.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Evercore restated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Piper Sandler raised their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. KeyCorp boosted their price objective on Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Read Our Latest Stock Analysis on FSLY

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.

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