Fastly (NASDAQ:FSLY) CTO Sells $203,571.20 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 8,960 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $22.72, for a total value of $203,571.20. Following the sale, the chief technology officer directly owned 1,630,785 shares of the company’s stock, valued at $37,051,435.20. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The shares were 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 stock was 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $926,268.20.

Fastly Stock Performance

Shares of NASDAQ:FSLY opened at $23.16 on Monday. The stock has a market capitalization of $3.69 billion, a PE ratio of -43.70 and a beta of 0.36. The firm has a fifty day moving average price of $22.61 and a 200 day moving average price of $22.26. Fastly, Inc. has a 1 year low of $7.62 and a 1 year high of $34.82. 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 issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The business 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. Analysts expect that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

FSLY has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price target on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a report 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 note on Thursday, August 6th. KeyCorp boosted their target price on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Canaccord Genuity Group initiated coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fastly has a consensus rating of “Hold” and an average target price of $25.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in shares of Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after buying an additional 1,346 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after acquiring an additional 633 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Fastly in the fourth quarter valued at approximately $41,000. Align Financial LLC acquired a new stake in Fastly in the fourth quarter worth $41,000. Finally, Sound Income Strategies LLC acquired a new stake in Fastly in the first quarter worth $44,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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.