Fastly (NASDAQ:FSLY) CTO Sells $818,680.50 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 33,078 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $24.75, for a total transaction of $818,680.50. Following the completion of the sale, the chief technology officer owned 1,105,280 shares of the company’s stock, valued at approximately $27,355,680. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The stock was sold at an average price of $25.26, for a total value of $100,054.86.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The shares were sold at an average price of $30.16, for a total value of $11,448,796.32.
• On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The shares were sold at an average price of $27.82, for a total value of $776,178.00.
• On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The stock was sold at an average price of $27.38, for a total value of $1,345,617.48.
• On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The shares were sold at an average price of $25.30, for a total transaction of $55,660.00.
• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were 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 stock was 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 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 transaction of $387,047.10.

Fastly Stock Up 0.7%

NASDAQ:FSLY traded up $0.19 on Wednesday, reaching $25.67. The stock had a trading volume of 6,194,339 shares, compared to its average volume of 9,340,493. The company has a 50-day moving average of $23.94 and a 200 day moving average of $22.69. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.09 billion, a P/E ratio of -48.43 and a beta of 0.36. Fastly, Inc. has a 12-month low of $7.74 and a 12-month high of $34.82.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The company had revenue of $183.32 million for the quarter, compared to analyst estimates of $173.94 million. 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 predict that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson upped their price target on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, September 23rd. Bank of America lifted their price objective on shares of Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, September 23rd. 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 report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. Finally, KeyCorp restated an “overweight” rating and issued a $30.00 target price on shares of Fastly in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fastly has an average rating of “Hold” and an average target price of $26.73.

Hedge Funds Weigh In On Fastly

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cim Investment Management Inc. lifted its stake in Fastly by 7.4% during the second quarter. Cim Investment Management Inc. now owns 10,816 shares of the company’s stock valued at $199,000 after buying an additional 747 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Fastly in the second quarter valued at $48,000. IFP Advisors Inc boosted its position in shares of Fastly by 1,621.7% in 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 period. Spark Investment Management LLC acquired a new position in shares of Fastly in the 2nd quarter valued at about $340,000. Finally, Nykredit A S acquired a new position in shares of Fastly in the 2nd quarter valued at about $77,000. 79.71% of the stock is owned by institutional investors.

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.