Fastly (NYSE:FSLY) CTO Artur Bergman Sells 40,000 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $10.27, for a total value of $410,800.00. Following the sale, the chief technology officer directly owned 2,690,579 shares of the company’s stock, valued at approximately $27,632,246.33. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $409,200.00.
• On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.59, for a total value 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 value 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 transaction 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 transaction 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 transaction of $40,307.22.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The shares were 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 stock was 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 stock was 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 shares were sold at an average price of $10.48, for a total transaction of $658,437.44.

Fastly Stock Up 4.6%

Shares of Fastly stock traded up $0.46 during midday trading on Wednesday, hitting $10.53. The company’s stock had a trading volume of 2,853,298 shares, compared to its average volume of 3,582,947. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.59. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.57 billion, a P/E ratio of -10.97 and a beta of 0.98. The stock has a 50-day simple moving average of $10.54 and a 200-day simple moving average of $8.62.

Fastly (NYSE:FSLY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $158.22 million for the quarter, compared to analyst estimates of $151.04 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Fastly’s quarterly revenue 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, sell-side analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On Fastly

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Fastly by 3.4% during the third quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock valued at $142,500,000 after buying an additional 554,909 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Fastly by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 8,943,224 shares of the company’s stock valued at $63,139,000 after acquiring an additional 291,617 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Fastly in the 3rd quarter valued at approximately $61,864,000. Dimensional Fund Advisors LP lifted its holdings in Fastly by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock worth $35,380,000 after purchasing an additional 117,213 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Fastly by 115.2% during the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after purchasing an additional 1,811,935 shares during the period. 79.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FSLY has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Citigroup upped their price target on shares of Fastly from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Oppenheimer assumed coverage on Fastly in a report on Monday, November 17th. They set a “market perform” rating for the company. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Monday, December 15th. Finally, Piper Sandler upped their target price on Fastly from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.93.

Fastly Company Profile

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.