Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 31,079 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 31,079 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $24.53, for a total transaction of $762,367.87. Following the sale, the chief technology officer directly owned 1,599,706 shares of the company’s stock, valued at $39,240,788.18. The trade was a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 transaction 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 transaction of $387,047.10.
• 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 value 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 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 stock was 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 Price Performance

Shares of Fastly stock opened at $23.54 on Thursday. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.75 billion, a PE ratio of -44.42 and a beta of 0.36. The business has a 50 day moving average of $22.93 and a 200 day moving average of $22.39. Fastly, Inc. has a 52 week low of $7.74 and a 52 week high of $34.82.

Fastly (NASDAQ:FSLY) last announced its quarterly 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 during 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. As a group, equities research analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Fastly

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after buying an additional 633 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Fastly by 1,621.7% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after acquiring an additional 1,346 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Fastly during the 1st quarter valued at about $44,000. EverSource Wealth Advisors LLC lifted its position in Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after acquiring an additional 627 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Fastly during the second quarter worth about $48,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FSLY. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 target price on shares of Fastly in a research note on Thursday, August 6th. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Evercore restated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Piper Sandler lifted their price objective on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated 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 given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.33.

Fastly Company Profile

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.