Fastly (NYSE:FSLY) CTO Artur Bergman Sells 849 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 849 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $11.82, for a total value of $10,035.18. Following the completion of the transaction, the chief technology officer directly owned 2,934,881 shares in the company, valued at $34,690,293.42. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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.
• On Tuesday, November 18th, Artur Bergman sold 62,828 shares of Fastly stock. The stock was sold at an average price of $10.48, for a total value of $658,437.44.
• On Monday, November 17th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.77, for a total value of $430,800.00.
• On Wednesday, November 12th, Artur Bergman sold 2,718 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total value of $34,002.18.
• On Monday, November 10th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $11.92, for a total transaction of $476,800.00.
• On Thursday, November 6th, Artur Bergman sold 220,000 shares of Fastly stock. The stock was sold at an average price of $10.67, for a total transaction of $2,347,400.00.
• On Monday, November 3rd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.21, for a total transaction of $164,200.00.
• On Monday, October 27th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.34, for a total transaction of $166,800.00.
• On Monday, October 20th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.23, for a total transaction of $164,600.00.

Fastly Price Performance

NYSE FSLY traded down $0.11 during trading hours on Tuesday, hitting $11.65. The company had a trading volume of 3,986,161 shares, compared to its average volume of 5,073,803. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.59. The business has a 50 day moving average of $9.44 and a 200-day moving average of $8.06.

Fastly (NYSE:FSLY) last posted its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, topping 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 business had revenue of $158.22 million for the quarter, compared to analysts’ expectations of $151.04 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. Analysts forecast that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FSLY shares. Royal Bank Of Canada boosted their price objective on Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, August 7th. Oppenheimer started coverage on shares of Fastly in a research note on Monday, November 17th. They set a “market perform” rating for the company. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Piper Sandler increased their target price on shares of Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.08.

Institutional Trading of Fastly

Several hedge funds and other institutional investors have recently made changes to their positions in FSLY. Allianz Asset Management GmbH acquired a new position in shares of Fastly during the first quarter worth about $111,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Fastly during the 1st quarter worth approximately $386,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Fastly by 16.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,503 shares of the company’s stock worth $263,000 after purchasing an additional 5,979 shares during the period. Federated Hermes Inc. raised its stake in shares of Fastly by 0.9% during the 1st quarter. Federated Hermes Inc. now owns 211,638 shares of the company’s stock worth $1,340,000 after buying an additional 1,988 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Fastly by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 15,590,433 shares of the company’s stock valued at $98,687,000 after buying an additional 300,572 shares during the period. Hedge funds and other institutional investors own 79.71% of the company’s stock.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.