Artur Bergman Sells 20,000 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 20,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $9.35, for a total transaction of $187,000.00. Following the completion of the sale, the chief technology officer directly owned 2,670,579 shares in the company, valued at $24,969,913.65. This trade represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction 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 stock was 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 shares were sold at an average price of $10.50, for a total value of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.66, for a total value of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The stock was sold at an average price of $12.51, for a total value of $40,307.22.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The stock was sold at an average price of $11.51, for a total value of $472,830.80.
• On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The shares were sold at an average price of $11.82, for a total value of $10,035.18.
• On Monday, November 24th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $11.43, for a total value of $457,200.00.

Fastly Stock Down 0.3%

Shares of NYSE FSLY opened at $9.17 on Friday. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $12.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The business has a fifty day moving average of $10.68 and a two-hundred day moving average of $8.72. The stock has a market cap of $1.37 billion, a PE ratio of -9.55 and a beta of 0.98.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The business had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. During the same quarter last year, the company posted $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. As a group, equities research analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised their price target on Fastly from $9.00 to $10.00 and gave the company a “sector perform” rating in a report on Monday, January 5th. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Monday, December 15th. Piper Sandler lifted their price target on Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, January 5th. DA Davidson upped their price target on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Oppenheimer started coverage on shares of Fastly in a report on Monday, November 17th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.93.

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in Fastly in the third quarter valued at about $43,000. Quarry LP acquired a new position in Fastly during the 3rd quarter valued at about $49,000. Geneos Wealth Management Inc. bought a new position in shares of Fastly in the 1st quarter valued at about $52,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Fastly in the 3rd quarter valued at about $56,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Fastly during the 3rd quarter worth approximately $57,000. Institutional investors own 79.71% of the company’s stock.

About Fastly

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.