Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells $55,660.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $25.30, for a total transaction of $55,660.00. Following the completion of the sale, the chief technology officer directly owned 1,595,006 shares of the company’s stock, valued at $40,353,651.80. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed 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 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.
• 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 value of $203,571.20.
• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The shares were sold at an average price of $22.51, for a total value 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 stock was 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 shares were 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 Stock Up 14.9%

FSLY traded up $3.56 on Monday, hitting $27.42. The company had a trading volume of 9,780,145 shares, compared to its average volume of 9,215,616. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -51.74 and a beta of 0.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The stock has a fifty day moving average price of $23.10 and a 200-day moving average price of $22.45. Fastly, Inc. has a 12-month low of $7.74 and a 12-month high of $34.82.

Fastly (NASDAQ:FSLY) last released 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. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The business had revenue of $183.32 million during the quarter, compared to analyst estimates 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. Analysts predict that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Trading of Fastly

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Fastly by 84.6% in 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 lifted its holdings in shares of Fastly by 1,621.7% during the second quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after purchasing an additional 1,346 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Fastly during the first quarter worth about $44,000. EverSource Wealth Advisors LLC boosted its position in Fastly by 39.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after buying an additional 627 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Fastly in the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analyst Ratings Changes

FSLY has been the subject of several recent analyst reports. Evercore restated an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Piper Sandler upped their price target on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Canaccord Genuity Group started coverage on Fastly in a report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their target price on Fastly from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.33.

Fastly Company Profile

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.