Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells $387,047.10 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 18,519 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $20.90, for a total value of $387,047.10. Following the transaction, the chief technology officer owned 1,640,045 shares of the company’s stock, valued at approximately $34,276,940.50. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The stock was sold at an average price of $20.66, for a total transaction of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total transaction of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The shares were sold at an average price of $24.08, for a total transaction of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was sold at an average price of $24.72, for a total transaction 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.

Fastly Stock Up 4.4%

Fastly stock traded up $0.90 during midday trading on Tuesday, hitting $21.49. The stock had a trading volume of 5,745,345 shares, compared to its average volume of 9,328,577. The business has a fifty day moving average price of $22.27 and a 200 day moving average price of $22.13. Fastly, Inc. has a 12 month low of $7.28 and a 12 month high of $34.82. The stock has a market cap of $3.42 billion, a P/E ratio of -40.55 and a beta of 0.36. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33.

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

Institutional Investors Weigh In On Fastly

Several large investors have recently added to or reduced their stakes in the stock. Amundi grew its position in shares of Fastly by 11.3% during the first quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after acquiring an additional 4,724 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Fastly in the first quarter valued at approximately $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Fastly by 1.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after buying an additional 6,247 shares during the period. Jones Financial Companies Lllp grew its holdings in Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after buying an additional 55,118 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Fastly by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after acquiring an additional 165,937 shares during the period. 79.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSLY has been the subject of several recent research reports. Evercore reiterated an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Piper Sandler raised their price target on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada increased 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. One research 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.com, the company presently has a consensus rating of “Hold” and an average price target of $25.33.

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.