Fastly (NASDAQ:FSLY) Stock: Insider Artur Bergman Sells 3,002 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 3,002 shares of Fastly stock in a transaction on Friday, October 9th. The stock was sold at an average price of $30.07, for a total transaction of $90,270.14. Following the sale, the chief technology officer directly owned 1,098,317 shares of the company’s stock, valued at $33,026,392.19. This represents a 0.27% decrease in their position. 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, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The shares were sold at an average price of $26.81, for a total value of $993,015.59.
• On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The shares were sold at an average price of $25.26, for a total value of $100,054.86.
• On Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The shares were sold at an average price of $24.75, for a total transaction of $818,680.50.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The stock was sold at an average price of $30.16, for a total transaction of $11,448,796.32.
• On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The shares were sold at an average price of $27.82, for a total transaction of $776,178.00.
• On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The shares were sold at an average price of $27.38, for a total transaction of $1,345,617.48.
• On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The shares were sold at an average price of $25.30, for a total transaction of $55,660.00.
• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $24.53, for a total value 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 value 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.

Fastly Stock Up 0.3%

NASDAQ:FSLY opened at $25.07 on Friday. Fastly, Inc. has a 1 year low of $7.74 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The stock has a 50-day moving average price of $24.95 and a two-hundred day moving average price of $22.67.

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

Wall Street Analysts Forecast Growth

FSLY has been the subject of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $25.00 target price on shares of Fastly in a research note on Wednesday, September 23rd. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Freedom Broker lifted their price target on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Canaccord Genuity Group began coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.42.

Institutional Trading of Fastly

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Fastly by 1,621.7% in the 2nd 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. GAMMA Investing LLC lifted its holdings in shares of Fastly by 38.4% in the third quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after purchasing an additional 419 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after buying an additional 633 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Fastly during the fourth quarter worth about $41,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Fastly during the first quarter worth about $44,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.