Fastly (NYSE:FSLY) CTO Sells $15,207.50 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 869 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $17.50, for a total transaction of $15,207.50. Following the sale, the chief technology officer owned 1,841,663 shares in the company, valued at approximately $32,229,102.50. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Artur Bergman also recently made the following trade(s):

• On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $17.08, for a total value of $683,200.00.
• On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The shares were sold at an average price of $20.10, for a total transaction of $694,977.60.
• On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The stock was sold at an average price of $18.89, for a total transaction of $753,352.09.
• On Wednesday, February 18th, Artur Bergman sold 18,338 shares of Fastly stock. The stock was sold at an average price of $17.53, for a total transaction of $321,465.14.
• On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $701,200.00.
• On Friday, February 13th, Artur Bergman sold 200,847 shares of Fastly stock. The stock was sold at an average price of $18.42, for a total transaction of $3,699,601.74.
• On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The stock was sold at an average price of $18.25, for a total transaction of $367,336.00.
• On Monday, February 9th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.84, for a total transaction of $176,800.00.
• On Monday, February 2nd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $9.36, for a total value of $187,200.00.
• On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The stock was sold at an average price of $10.40, for a total value of $512,928.00.

Fastly Trading Down 5.2%

NYSE:FSLY opened at $20.04 on Thursday. The firm has a market capitalization of $3.04 billion, a P/E ratio of -20.87 and a beta of 1.03. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $12.19 and a 200 day moving average of $10.23. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $21.75.

Institutional Trading of Fastly

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Fastly in the second quarter valued at $171,000. Hussman Strategic Advisors Inc. bought a new position in Fastly during the 2nd quarter valued at about $741,000. Knights of Columbus Asset Advisors LLC purchased a new stake in Fastly in the 3rd quarter worth about $1,002,000. Vanguard Group Inc. lifted its stake in Fastly by 3.4% in the third quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock worth $142,500,000 after purchasing an additional 554,909 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Fastly by 6.3% during the second quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company’s stock valued at $22,681,000 after buying an additional 189,423 shares during the period. 79.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FSLY has been the topic of several recent analyst reports. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. DA Davidson set a $13.00 price objective on Fastly in a report on Thursday, February 12th. Citigroup lifted their price objective on Fastly from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Oppenheimer initiated coverage on Fastly in a report on Monday, November 17th. They set a “market perform” rating for the company. Finally, William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.14.

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.