Fastly (NYSE:FSLY) CTO Sells $512,928.00 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 49,320 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $10.40, for a total transaction of $512,928.00. Following the completion of the transaction, the chief technology officer directly owned 2,570,579 shares in the company, valued at approximately $26,734,021.60. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, January 26th, Artur Bergman sold 30,680 shares of Fastly stock. The shares were sold at an average price of $9.92, for a total value of $304,345.60.
• On Tuesday, January 20th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.18, for a total transaction of $163,600.00.
• On Monday, January 12th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $9.35, for a total value of $187,000.00.
• On Monday, January 5th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was 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 stock was 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $12.51, for a total transaction of $40,307.22.

Fastly Trading Down 3.5%

Shares of NYSE FSLY traded down $0.36 during midday trading on Wednesday, hitting $9.92. 3,677,765 shares of the company traded hands, compared to its average volume of 3,550,418. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $12.59. The firm has a market cap of $1.48 billion, a P/E ratio of -10.33 and a beta of 0.98. The stock has a 50-day moving average price of $10.35 and a 200 day moving average price of $8.88. 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 (NYSE:FSLY) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $158.22 million for the quarter, compared to analysts’ expectations of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. 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, analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analyst Weigh In

FSLY has been the topic of a number of recent research reports. KeyCorp raised 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Oppenheimer began coverage on shares of Fastly in a report on Monday, November 17th. They issued a “market perform” rating for the company. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Piper Sandler increased their target price on Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.64.

Institutional Investors Weigh In On Fastly

Hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in Fastly during the second quarter valued at $171,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Fastly in the 2nd quarter worth about $741,000. Geode Capital Management LLC raised its position in Fastly by 6.3% during the second quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock valued at $22,681,000 after purchasing an additional 189,423 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $557,000. Finally, Legal & General Group Plc boosted its holdings 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 worth $63,139,000 after purchasing an additional 291,617 shares during the period. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.