Fastly (NASDAQ:FSLY) CTO Sells $55,660.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 2,200 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $25.30, for a total transaction of $55,660.00. Following the completion of the sale, the chief technology officer owned 1,595,006 shares in the company, valued at $40,353,651.80. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $24.53, for a total transaction of $762,367.87.
• On Tuesday, September 15th, Artur Bergman sold 2,500 shares of Fastly stock. The shares were sold at an average price of $25.14, for a total transaction of $62,850.00.
• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The shares were sold at an average price of $22.72, for a total transaction of $203,571.20.
• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total value of $6,753.00.
• On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The shares were sold at an average price of $20.90, for a total value of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total value of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total value of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The stock was sold at an average price of $24.08, for a total value of $20,492.08.
• 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 shares were sold at an average price of $28.60, for a total value of $926,268.20.

Fastly Stock Performance

NASDAQ:FSLY traded up $3.56 during trading hours on Monday, reaching $27.42. The company had a trading volume of 9,780,145 shares, compared to its average volume of 9,215,616. Fastly, Inc. has a 1-year low of $7.74 and a 1-year high of $34.82. The firm has a market cap of $4.37 billion, a PE ratio of -51.74 and a beta of 0.36. The business’s 50 day moving average price is $23.10 and its 200-day moving average price is $22.45. 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 (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million for 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. Research analysts forecast that Fastly, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FSLY shares. Evercore restated an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Piper Sandler increased their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. KeyCorp restated an “overweight” rating and issued a $30.00 price target on shares of Fastly in a research note on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.33.

Institutional Investors Weigh In On Fastly

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSLY. Bank of America Corp DE grew its position in shares of Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after purchasing an additional 692,459 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Fastly during the 1st quarter worth about $1,951,000. Range Financial Group LLC acquired a new position in shares of Fastly during the 1st quarter worth about $1,667,000. Castleark Management LLC acquired a new position in shares of Fastly during the 1st quarter worth about $5,164,000. Finally, Wellington Management Group LLP purchased a new position in Fastly in the 2nd quarter valued at about $8,696,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.