Artur Bergman Sells 30,680 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 30,680 shares of Fastly stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $9.92, for a total value of $304,345.60. Following the sale, the chief technology officer directly owned 2,619,899 shares in the company, valued at approximately $25,989,398.08. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The stock was sold at an average price of $10.40, for a total value of $512,928.00.
• 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 value 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 value 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 value 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.
• On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.59, for a total transaction of $423,600.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total transaction of $420,000.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.50, for a total transaction of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.66, for a total transaction of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total transaction of $40,307.22.

Fastly Stock Performance

Shares of FSLY opened at $9.62 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.44 billion, a P/E ratio of -10.02 and a beta of 0.98. The business’s 50 day moving average price is $10.31 and its 200-day moving average price is $8.89. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.59.

Fastly (NYSE:FSLY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The company had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its 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 Trading of Fastly

Hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Fastly in the second quarter worth about $171,000. Hussman Strategic Advisors Inc. bought a new position in shares of Fastly during the 2nd quarter valued at approximately $741,000. Geode Capital Management LLC increased its holdings in Fastly by 6.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock worth $22,681,000 after acquiring an additional 189,423 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Fastly in the 2nd quarter worth approximately $557,000. Finally, Legal & General Group Plc raised its stake in Fastly by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 8,943,224 shares of the company’s stock worth $63,139,000 after acquiring an additional 291,617 shares during the period. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a research report on Monday, January 5th. DA Davidson increased their target price on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Citigroup reduced their target price on Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Finally, Oppenheimer began coverage on Fastly in a report on Monday, November 17th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.64.

Fastly Company Profile

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.