Fastly, Inc. (NYSE:FSLY – Get Free Report) CTO Artur Bergman sold 40,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $10.50, for a total transaction of $420,000.00. Following the transaction, the chief technology officer directly owned 2,810,579 shares of the company’s stock, valued at $29,511,079.50. This represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Artur Bergman also recently made the following trade(s):
- 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 stock was 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 shares were sold at an average price of $12.51, for a total transaction 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 transaction 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 transaction 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 transaction 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 shares were 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 shares were sold at an average price of $11.92, for a total value of $476,800.00.
Fastly Stock Down 1.7%
FSLY stock traded down $0.18 during mid-day trading on Wednesday, hitting $10.00. 2,227,048 shares of the company were exchanged, compared to its average volume of 3,292,529. 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 firm’s 50 day simple moving average is $9.93 and its 200 day simple moving average is $8.32. The firm has a market cap of $1.49 billion, a P/E ratio of -10.41 and a beta of 0.97.
Analyst Upgrades and Downgrades
Several research firms have issued reports on FSLY. Citigroup lifted their price target on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Piper Sandler boosted their target price on Fastly from $7.50 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. DA Davidson lifted their price objective on shares of Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, Oppenheimer initiated coverage on shares of Fastly in a research report on Monday, November 17th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.64.
View Our Latest Report on FSLY
Institutional Investors Weigh In On Fastly
Several large investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new stake in Fastly during the third quarter worth $125,000. Sunbelt Securities Inc. bought a new stake in shares of Fastly in the 3rd quarter valued at about $202,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Fastly by 3.7% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 1,928,436 shares of the company’s stock valued at $16,719,000 after purchasing an additional 69,290 shares during the period. PharVision Advisers LLC acquired a new stake in Fastly in the 3rd quarter valued at about $289,000. Finally, Alyeska Investment Group L.P. bought a new position in Fastly during the third quarter worth about $1,414,000. Institutional investors and hedge funds 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.
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