Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells 32,387 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 32,387 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total value of $926,268.20. Following the sale, the chief technology officer directly owned 2,005,191 shares of the company’s stock, valued at $57,348,462.60. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 transaction of $783,302.64.
• 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 transaction of $165,353.44.
• On Friday, May 29th, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $16.96, for a total transaction of $105,576.00.
• On Thursday, May 28th, Artur Bergman sold 1,077 shares of Fastly stock. The stock was sold at an average price of $17.02, for a total transaction of $18,330.54.
• On Wednesday, May 27th, Artur Bergman sold 852 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total transaction of $14,910.00.

Fastly Trading Down 4.0%

Shares of Fastly stock traded down $0.95 on Thursday, hitting $22.71. 5,761,319 shares of the company’s stock traded hands, compared to its average volume of 9,739,349. The firm’s 50-day moving average price is $21.01 and its two-hundred day moving average price is $21.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The stock has a market capitalization of $3.62 billion, a PE ratio of -42.85 and a beta of 0.34. Fastly, Inc. has a one year low of $7.01 and a one year high of $34.82.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to analyst estimates 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. On average, research analysts expect that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after acquiring an additional 633 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Fastly in the 1st quarter valued at $44,000. EverSource Wealth Advisors LLC boosted its stake in Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after purchasing an additional 627 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Fastly in the 2nd quarter worth $72,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Fastly during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Evercore restated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Raymond James Financial reissued an “outperform” rating and set a $29.00 price target on shares of Fastly in a research report on Thursday, August 6th. Finally, Piper Sandler boosted their price target on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fastly currently has a consensus rating of “Hold” and a consensus target price 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.