Artur Bergman Sells 40,000 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 40,000 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $21.07, for a total value of $842,800.00. Following the transaction, the chief technology officer directly owned 1,869,901 shares of the company’s stock, valued at approximately $39,398,814.07. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The shares were sold at an average price of $22.79, for a total transaction of $6,039,350.00.
  • On Monday, March 2nd, Artur Bergman sold 275,234 shares of Fastly stock. The shares were sold at an average price of $20.56, for a total transaction of $5,658,811.04.
  • On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $20.69, for a total transaction 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 transaction 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 stock was 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 transaction of $694,977.60.
  • On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The shares were 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.

Fastly Trading Up 0.7%

Shares of FSLY stock opened at $24.22 on Friday. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $25.22. The stock’s fifty day simple moving average is $13.63 and its 200 day simple moving average is $10.84. 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 firm has a market capitalization of $3.68 billion, a P/E ratio of -25.23 and a beta of 0.88.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FSLY shares. Piper Sandler reaffirmed a “neutral” rating and issued a $14.00 price objective (up from $11.00) on shares of Fastly in a research note on Thursday, February 12th. Oppenheimer assumed coverage on shares of Fastly in a research report on Monday, November 17th. They set a “market perform” rating on the stock. 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 report on Friday, February 13th. KeyCorp raised shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.14.

Read Our Latest Report on Fastly

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Fastly in the 4th quarter valued at $41,000. Align Financial LLC acquired a new stake in shares of Fastly during the fourth quarter worth $41,000. Byrne Asset Management LLC bought a new position in Fastly during the third quarter worth $43,000. C M Bidwell & Associates Ltd. acquired a new position in Fastly in the fourth quarter valued at $54,000. Finally, Quarry LP acquired a new position in Fastly in the third quarter valued at $49,000. Institutional investors own 79.71% of the company’s stock.

About Fastly

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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