Fastly (NASDAQ:FSLY) CTO Sells $943,753.72 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 37,039 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $25.48, for a total value of $943,753.72. Following the sale, the chief technology officer owned 1,024,239 shares in the company, valued at approximately $26,097,609.72. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 Friday, October 9th, Artur Bergman sold 3,002 shares of Fastly stock. The shares were sold at an average price of $30.07, for a total value of $90,270.14.
• On Monday, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The shares were sold at an average price of $26.81, for a total value of $993,015.59.
• On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The shares were sold at an average price of $25.26, for a total value of $100,054.86.
• On Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was sold at an average price of $24.75, for a total value of $818,680.50.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The stock was 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 stock was 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 shares were sold at an average price of $27.38, for a total transaction 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.

Fastly Price Performance

FSLY opened at $23.11 on Friday. 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 firm has a 50 day moving average price of $24.46 and a 200-day moving average price of $21.28. Fastly, Inc. has a twelve month low of $7.87 and a twelve month high of $34.82.

Fastly (NASDAQ:FSLY) last issued its 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. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The company had revenue of $183.32 million for the quarter, compared to analysts’ expectations 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. As a group, equities research analysts predict that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

FSLY has been the subject of several research analyst reports. DA Davidson lifted their price objective on Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Freedom Capital raised Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Evercore reissued an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. Finally, Freedom Broker boosted their price target on Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fastly currently has a consensus rating of “Hold” and a consensus price target of $27.42.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Fastly by 98,700.0% during the third quarter. Signaturefd LLC now owns 988 shares of the company’s stock valued at $25,000 after purchasing an additional 987 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after purchasing an additional 633 shares during the period. IFP Advisors Inc grew its holdings in Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock valued at $26,000 after purchasing an additional 1,346 shares during the period. GAMMA Investing LLC increased its position in Fastly by 38.4% in the third quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after buying an additional 419 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in Fastly in the first quarter worth about $44,000. 79.71% of the stock is currently owned by institutional investors.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.