Artur Bergman Sells 2,500 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $25.14, for a total transaction of $62,850.00. Following the sale, the chief technology officer owned 1,597,206 shares in the company, valued at $40,153,758.84. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The stock was 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 stock was sold at an average price of $22.51, for a total transaction of $6,753.00.
• On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The shares were sold at an average price of $20.90, for a total value of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total value of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total value of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The stock was sold at an average price of $24.08, for a total value of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was sold at an average price of $24.72, for a total value of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total value of $926,268.20.

Fastly Price Performance

FSLY stock opened at $24.57 on Friday. The business has a 50 day moving average price of $23.02 and a 200 day moving average price of $22.43. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of -46.36 and a beta of 0.36. Fastly, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million for the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Equities research analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Fastly

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in Fastly during the 2nd quarter worth approximately $48,000. IFP Advisors Inc increased its holdings 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 valued at $26,000 after purchasing an additional 1,346 shares during the period. Spark Investment Management LLC acquired a new position in shares of Fastly in the second quarter valued at approximately $340,000. Nykredit A S purchased a new stake in shares of Fastly during the second quarter worth approximately $77,000. Finally, AlphaGrep UK Ltd purchased a new stake in shares of Fastly during the second quarter worth approximately $366,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on FSLY. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. KeyCorp boosted their target price on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Canaccord Genuity Group initiated coverage on Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. Raymond James Financial restated an “outperform” rating and set a $29.00 price target on shares of Fastly in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price target on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.33.

About Fastly

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.