Fastly (NYSE:FSLY) CTO Sells $14,910.00 in Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 852 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $17.50, for a total value of $14,910.00. Following the completion of the sale, the chief technology officer directly owned 2,053,829 shares in the company, valued at approximately $35,942,007.50. The trade was a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • 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 value of $18,330.54.
  • On Tuesday, May 19th, Artur Bergman sold 31,848 shares of Fastly stock. The shares were sold at an average price of $16.41, for a total value of $522,625.68.
  • On Monday, May 18th, Artur Bergman sold 32,181 shares of Fastly stock. The shares were sold at an average price of $16.85, for a total value of $542,249.85.
  • On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The shares were sold at an average price of $22.79, for a total value of $6,039,350.00.
  • On Monday, March 9th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $21.07, for a total value of $842,800.00.
  • On Monday, March 2nd, Artur Bergman sold 275,234 shares of Fastly stock. The shares were sold at an average price of $20.56, for a total value of $5,658,811.04.
  • On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $20.69, for a total value of $643,024.51.
  • On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were sold at an average price of $21.06, for a total value of $516,643.92.

Fastly Stock Performance

Shares of NYSE FSLY opened at $17.76 on Monday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -18.50 and a beta of 0.49. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a 1-year low of $6.29 and a 1-year high of $34.82. The stock’s 50-day moving average is $24.13 and its 200 day moving average is $16.90.

Wall Street Analysts Forecast Growth

FSLY has been the topic of a number of research reports. Raymond James Financial raised Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Friday, May 8th. Royal Bank Of Canada decreased their price objective on Fastly to $18.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Piper Sandler decreased their price objective on Fastly to $27.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Evercore initiated coverage on Fastly in a report on Tuesday, April 14th. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, Citigroup raised their price objective on Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.63.

Check Out Our Latest Analysis on Fastly

Hedge Funds Weigh In On Fastly

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Fastly in the 4th quarter worth approximately $41,000. Align Financial LLC purchased a new position in Fastly in the 4th quarter worth approximately $41,000. Sound Income Strategies LLC purchased a new position in Fastly in the 1st quarter worth approximately $44,000. Finally, Quarry LP purchased a new position in Fastly in the 3rd quarter worth approximately $49,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

Fastly Company Profile

(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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