Fastly, Inc. (NYSE:FSLY) CTO Sells $103,080.84 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 12,821 shares of Fastly stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.04, for a total value of $103,080.84. Following the completion of the transaction, the chief technology officer now directly owns 3,374,012 shares in the company, valued at $27,127,056.48. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 10th, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.58, for a total value of $105,800.00.
• On Monday, February 3rd, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.21, for a total value of $102,100.00.
• On Monday, January 27th, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.12, for a total value of $101,200.00.
• On Thursday, January 23rd, Artur Bergman sold 31,551 shares of Fastly stock. The shares were sold at an average price of $10.31, for a total value of $325,290.81.
• On Monday, January 6th, Artur Bergman sold 8,049 shares of Fastly stock. The stock was sold at an average price of $10.04, for a total value of $80,811.96.
• On Monday, December 23rd, Artur Bergman sold 10,000 shares of Fastly stock. The stock was sold at an average price of $10.09, for a total value of $100,900.00.
• On Wednesday, December 18th, Artur Bergman sold 3,400 shares of Fastly stock. The stock was sold at an average price of $12.01, for a total value of $40,834.00.
• On Thursday, December 5th, Artur Bergman sold 29,641 shares of Fastly stock. The stock was sold at an average price of $10.02, for a total value of $297,002.82.
• On Monday, December 2nd, Artur Bergman sold 29,858 shares of Fastly stock. The stock was sold at an average price of $10.07, for a total value of $300,670.06.

Fastly Price Performance

Shares of NYSE FSLY opened at $7.28 on Friday. Fastly, Inc. has a twelve month low of $5.52 and a twelve month high of $14.90. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.38 and a beta of 1.26. The business has a 50 day simple moving average of $9.65 and a 200-day simple moving average of $8.12.

Fastly (NYSE:FSLY) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). Fastly had a negative net margin of 29.07% and a negative return on equity of 12.75%. As a group, equities research analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Fastly by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 15,289,861 shares of the company’s stock valued at $144,336,000 after purchasing an additional 103,440 shares during the period. Legal & General Group Plc boosted its position in Fastly by 2.4% during the 4th quarter. Legal & General Group Plc now owns 8,025,959 shares of the company’s stock valued at $75,765,000 after purchasing an additional 189,667 shares during the period. Penserra Capital Management LLC boosted its position in Fastly by 18.8% during the 3rd quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company’s stock valued at $38,418,000 after purchasing an additional 801,968 shares during the period. Alyeska Investment Group L.P. acquired a new position in Fastly during the 4th quarter valued at approximately $35,334,000. Finally, First Trust Advisors LP boosted its position in Fastly by 4.9% during the 4th quarter. First Trust Advisors LP now owns 3,139,255 shares of the company’s stock valued at $29,635,000 after purchasing an additional 147,458 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup boosted their price target on Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Robert W. Baird lifted their price objective on Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a report on Monday, December 2nd. Piper Sandler restated a “neutral” rating and set a $9.00 price objective (down from $10.00) on shares of Fastly in a report on Thursday, February 13th. Finally, DA Davidson lifted their price objective on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Fastly has a consensus rating of “Hold” and a consensus price target of $8.55.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.