Artur Bergman Sells 8,960 Shares of Fastly (NASDAQ:FSLY) Stock

by · The Markets Daily

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 8,960 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $22.72, for a total value of $203,571.20. Following the completion of the transaction, the chief technology officer directly owned 1,630,785 shares of the company’s stock, valued at approximately $37,051,435.20. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total transaction of $6,753.00.
  • On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The shares were sold at an average price of $20.90, for a total transaction of $387,047.10.
  • On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total transaction of $363,120.16.
  • On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $143,175.00.
  • On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The shares were sold at an average price of $24.08, for a total transaction of $20,492.08.
  • On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was sold at an average price of $24.72, for a total value of $783,302.64.
  • On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total value of $926,268.20.

Fastly Price Performance

Shares of FSLY stock traded up $0.45 on Friday, hitting $23.16. 6,397,317 shares of the company’s stock were exchanged, compared to its average volume of 9,302,454. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a 12 month low of $7.62 and a 12 month high of $34.82. The stock has a market cap of $3.69 billion, a P/E ratio of -43.70 and a beta of 0.36. The company has a 50 day moving average of $22.51 and a 200 day moving average of $22.22.

Fastly (NASDAQ:FSLY – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million during the quarter, compared to the consensus estimate 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, equities research analysts predict that Fastly, Inc. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FSLY shares. Royal Bank Of Canada boosted their target price on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Piper Sandler lifted their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Finally, Evercore reaffirmed an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given 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.

View Our Latest Report on FSLY

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently made changes to their positions in FSLY. Amundi grew its holdings in shares of Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock valued at $277,000 after buying an additional 4,724 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Fastly in the 1st quarter worth about $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fastly by 1.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after acquiring an additional 6,247 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after acquiring an additional 55,118 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Fastly by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after purchasing an additional 165,937 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors.

About Fastly

(Get Free Report)

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.

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