Fastly (NYSE:FSLY) CTO Artur Bergman Sells 275,234 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 275,234 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $20.56, for a total transaction of $5,658,811.04. Following the transaction, the chief technology officer owned 1,909,901 shares of the company’s stock, valued at approximately $39,267,564.56. This represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $20.69, for a total value of $643,024.51.
• On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were sold at an average price of $21.06, for a total value of $516,643.92.
• On Friday, February 27th, Artur Bergman sold 869 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total transaction of $15,207.50.
• On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.08, for a total transaction of $683,200.00.
• On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The stock was sold at an average price of $20.10, for a total value 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 value of $753,352.09.
• On Wednesday, February 18th, Artur Bergman sold 18,338 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total value of $321,465.14.
• On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $17.53, for a total value 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 value of $3,699,601.74.
• On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The shares were sold at an average price of $18.25, for a total value of $367,336.00.

Fastly Trading Up 4.2%

Shares of Fastly stock opened at $22.74 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The business has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $10.65. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $23.12. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -23.69 and a beta of 0.88.

Institutional Trading of Fastly

Several hedge funds and other institutional investors have recently bought and sold shares of FSLY. Amundi grew its position in shares of Fastly by 11.3% during the 1st quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after purchasing an additional 4,724 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Fastly in the first quarter valued at approximately $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Fastly by 1.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after buying an additional 6,247 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Fastly by 963.6% in the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after buying an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Fastly by 7.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after buying an additional 165,937 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital raised Fastly’s price target to $20 (from $12) while keeping a “Sector Perform” rating, citing improved execution and potential for multiple expansion after meetings with management. This analyst action supports the recent buying interest. Read More.
• Positive Sentiment: Momentum from the company’s February earnings has driven a sharp rally — Benzinga reports FSLY is up roughly 145% over the past month as traders chase the stronger results and hopeful outlook. This explains elevated volume and bullish positioning. Read More.
• Neutral Sentiment: Institutions still hold a large share (~79.7%) and some funds modestly increased stakes in recent quarters; that can stabilize trading but also concentrate supply/demand. Read More.
• Negative Sentiment: Significant insider selling from top executives: CTO Artur Bergman sold 31,079 shares (avg. $20.69, ~$643k) and CEO Charles Lacey Compton III sold 36,694 shares (avg. $20.69, ~$759k) in transactions filed with the SEC. Repeated sizable insider sales can act as a psychological cap on the stock and prompt short-term profit‑taking. Read More. Read More.

Analysts Set New Price Targets

A number of brokerages recently commented on FSLY. Citigroup upped their price target on shares of Fastly from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Oppenheimer began coverage on shares of Fastly in a research report on Monday, November 17th. They set a “market perform” rating for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $14.00 target price (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. DA Davidson set a $13.00 target price on Fastly in a research note on Thursday, February 12th. Finally, Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.14.

Fastly Company Profile

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.