Fastly (NYSE:FSLY) CTO Artur Bergman Sells 18,338 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 18,338 shares of Fastly stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $17.53, for a total value of $321,465.14. Following the transaction, the chief technology officer owned 1,882,413 shares in the company, valued at $32,998,699.89. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• 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.
• On Friday, February 13th, Artur Bergman sold 200,847 shares of Fastly stock. The stock was sold at an average price of $18.42, for a total value of $3,699,601.74.
• On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The shares were sold at an average price of $18.25, for a total value of $367,336.00.
• On Monday, February 9th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.84, for a total transaction of $176,800.00.
• On Monday, February 2nd, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $9.36, for a total transaction of $187,200.00.
• On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The shares were sold at an average price of $10.40, for a total transaction of $512,928.00.
• On Monday, January 26th, Artur Bergman sold 30,680 shares of Fastly stock. The stock was sold at an average price of $9.92, for a total transaction of $304,345.60.
• On Tuesday, January 20th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.18, for a total transaction of $163,600.00.
• On Monday, January 12th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $9.35, for a total transaction of $187,000.00.
• On Monday, January 5th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.27, for a total transaction of $410,800.00.

Fastly Trading Up 0.1%

Shares of FSLY stock opened at $18.08 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $9.54. The firm has a market capitalization of $2.70 billion, a PE ratio of -18.83 and a beta of 1.03. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $20.27.

Institutional Trading of Fastly

A number of institutional investors have recently bought and sold shares of the stock. Amundi raised its position in Fastly by 11.3% in the 1st quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after purchasing an additional 4,724 shares during the period. AQR Capital Management LLC bought a new position in shares of Fastly during the first quarter valued at approximately $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Fastly by 1.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after buying an additional 6,247 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Fastly by 963.6% in the first quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after buying an additional 55,118 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Fastly by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock worth $14,573,000 after acquiring an additional 165,937 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FSLY. Oppenheimer began coverage on shares of Fastly in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Piper Sandler reiterated a “neutral” rating and issued a $14.00 target price (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. Royal Bank Of Canada increased their price target on Fastly from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. DA Davidson set a $13.00 price target on Fastly in a report on Thursday, February 12th. Finally, KeyCorp raised Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

About Fastly

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.