Fastly (NASDAQ:FSLY) CTO Sells $993,015.59 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 37,039 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $26.81, for a total transaction of $993,015.59. Following the completion of the sale, the chief technology officer directly owned 1,061,278 shares of the company’s stock, valued at $28,452,863.18. This trade represents a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Friday, October 9th, Artur Bergman sold 3,002 shares of Fastly stock. The shares were sold at an average price of $30.07, for a total transaction of $90,270.14.
• On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The stock was sold at an average price of $25.26, for a total transaction of $100,054.86.
• On Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was 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 value of $55,660.00.
• 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 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 Trading Down 10.4%

NASDAQ FSLY opened at $22.47 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 of $24.94 and a 200-day moving average of $22.66.

Fastly (NASDAQ:FSLY) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The company had revenue of $183.32 million during the quarter, compared to analysts’ expectations 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. Research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Fastly by 84.6% in the 1st 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. IFP Advisors Inc grew its position 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 worth $26,000 after buying an additional 1,346 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Fastly by 38.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after buying an additional 419 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Fastly during the first quarter valued at approximately $44,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Fastly by 39.8% during 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 period. Institutional investors own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FSLY. KeyCorp reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Fastly in a research note on Friday, September 18th. Canaccord Genuity Group began coverage on shares of Fastly in a report on Friday, July 17th. They set a “buy” rating and a $27.00 price target for the company. Piper Sandler increased their price target on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Freedom Broker increased their price target on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Finally, Bank of America raised their price target on shares of Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fastly has a consensus rating of “Hold” and a consensus price target of $27.42.

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.