Insider Selling: Fastly, Inc. (NYSE:FSLY) Insider Sells $180,508.02 in Stock

Fastly, Inc. (NYSE:FSLY – Get Rating) insider Artur Bergman sold 13,706 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $13.17, for a total value of $180,508.02. Following the sale, the insider now owns 6,516,654 shares of the company’s stock, valued at approximately $85,824,333.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, April 24th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $15.95, for a total value of $178,049.85.
• On Monday, April 17th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $15.79, for a total value of $176,263.77.
• On Monday, April 10th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $15.48, for a total value of $172,803.24.
• On Monday, April 3rd, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $16.76, for a total value of $187,091.88.
• On Monday, March 27th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $16.27, for a total value of $181,622.01.
• On Monday, March 20th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $15.31, for a total value of $170,905.53.
• On Thursday, March 16th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.75, for a total transaction of $175,817.25.
• On Monday, March 6th, Artur Bergman sold 32,388 shares of Fastly stock. The shares were sold at an average price of $15.19, for a total transaction of $491,973.72.
• On Wednesday, March 1st, Artur Bergman sold 2,420 shares of Fastly stock. The shares were sold at an average price of $13.94, for a total transaction of $33,734.80.
• On Tuesday, February 21st, Artur Bergman sold 1,101 shares of Fastly stock. The shares were sold at an average price of $15.50, for a total transaction of $17,065.50.

Fastly Stock Performance

NYSE FSLY opened at $12.89 on Friday. The firm’s fifty day moving average price is $15.02 and its two-hundred day moving average price is $12.03. The stock has a market cap of $1.64 billion, a PE ratio of -9.21 and a beta of 1.31. Fastly, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $18.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.28 and a current ratio of 5.28.

Fastly (NYSE:FSLY – Get Rating) last posted its earnings results on Wednesday, February 15th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.09. The firm had revenue of $119.32 million for the quarter, compared to analysts’ expectations of $114.39 million. Fastly had a negative net margin of 38.22% and a negative return on equity of 20.22%. On average, equities analysts expect that Fastly, Inc. will post -1.27 EPS for the current fiscal year.

Institutional Trading of Fastly

A number of hedge funds and other institutional investors have recently modified their holdings of FSLY. Point72 Asset Management L.P. bought a new stake in shares of Fastly during the fourth quarter worth $42,697,000. Alyeska Investment Group L.P. bought a new stake in shares of Fastly in the fourth quarter worth $30,870,000. First Trust Advisors LP grew its stake in shares of Fastly by 65.3% in the first quarter. First Trust Advisors LP now owns 7,846,587 shares of the company’s stock worth $136,374,000 after purchasing an additional 3,099,852 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fastly by 207.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,938,875 shares of the company’s stock worth $52,191,000 after purchasing an additional 1,983,946 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Fastly by 330.3% in the first quarter. Two Sigma Investments LP now owns 1,774,937 shares of the company’s stock worth $31,523,000 after purchasing an additional 1,362,406 shares during the last quarter. Institutional investors own 60.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Fastly from $7.00 to $8.00 and gave the company a “sell” rating in a research report on Tuesday, February 21st. Bank of America lifted their price target on shares of Fastly from $16.00 to $26.50 and gave the company a “buy” rating in a research report on Tuesday, April 11th. William Blair restated a “market perform” rating on shares of Fastly in a research report on Wednesday, April 19th. Credit Suisse Group boosted their price objective on shares of Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Thursday, February 16th. Finally, Morgan Stanley upgraded shares of Fastly from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $12.00 to $18.00 in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Fastly presently has an average rating of “Hold” and an average price target of $16.00.

About Fastly

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Fastly, Inc provides real-time content delivery network services. It offers edge compute, edge delivery, edge security, edge applications like load balancing and image optimization, video on demand, and managed edge delivery. The company was founded by Artur Bergman, Tyler McMullen, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.