Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells $20,492.08 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 851 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $24.08, for a total value of $20,492.08. Following the sale, the chief technology officer directly owned 1,920,050 shares in the company, valued at $46,234,804. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The shares were sold at an average price of $24.72, for a total value of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total value of $926,268.20.
• On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The stock was sold at an average price of $20.96, for a total value of $165,353.44.

Fastly Trading Down 1.1%

NASDAQ FSLY traded down $0.25 on Monday, hitting $22.79. 3,996,649 shares of the company were exchanged, compared to its average volume of 9,491,933. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a twelve month low of $7.05 and a twelve month high of $34.82. The firm has a market capitalization of $3.63 billion, a P/E ratio of -43.00 and a beta of 0.34. The company’s 50 day moving average price is $21.77 and its 200-day moving average price is $21.87.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FSLY has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Citigroup raised their target price on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, KeyCorp lifted their price target on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. grew its holdings in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock valued at $48,754,000 after acquiring an additional 4,623,767 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after acquiring an additional 3,524,763 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Fastly by 1,683.4% during the second quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company’s stock worth $53,844,000 after acquiring an additional 2,768,234 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Fastly by 3,941.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock valued at $9,383,000 after purchasing an additional 1,296,119 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in Fastly during the fourth quarter valued at $11,657,000. Institutional investors and hedge funds 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.