Insider Selling: Fastly (NYSE:FSLY) CTO Sells 40,000 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of Fastly stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $10.59, for a total value of $423,600.00. Following the completion of the sale, the chief technology officer directly owned 2,770,579 shares in the company, valued at approximately $29,340,431.61. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.50, for a total transaction of $420,000.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.50, for a total value of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.66, for a total transaction of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The stock was sold at an average price of $12.51, for a total value of $40,307.22.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The stock was sold at an average price of $11.51, for a total transaction of $472,830.80.
• On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The stock was sold at an average price of $11.82, for a total value of $10,035.18.
• On Monday, November 24th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $11.43, for a total transaction of $457,200.00.
• On Tuesday, November 18th, Artur Bergman sold 62,828 shares of Fastly stock. The stock was sold at an average price of $10.48, for a total value of $658,437.44.
• On Monday, November 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.77, for a total transaction of $430,800.00.
• On Wednesday, November 12th, Artur Bergman sold 2,718 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total value of $34,002.18.

Fastly Price Performance

NYSE:FSLY traded down $0.28 on Tuesday, hitting $10.43. The company had a trading volume of 1,900,423 shares, compared to its average volume of 3,296,556. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -10.86 and a beta of 0.97. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.59. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $10.08 and a two-hundred day moving average of $8.39.

Fastly (NYSE:FSLY) last posted its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. On average, research analysts anticipate that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Trading of Fastly

Several hedge funds have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new stake in Fastly in the 3rd quarter worth $61,864,000. Divisadero Street Capital Management LP bought a new stake in shares of Fastly during the third quarter worth $21,174,000. Marshall Wace LLP raised its holdings in shares of Fastly by 115.2% in the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock valued at $23,899,000 after purchasing an additional 1,811,935 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Fastly by 3,941.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock valued at $9,383,000 after buying an additional 1,296,119 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Fastly by 288.8% during the third quarter. Algert Global LLC now owns 1,521,733 shares of the company’s stock worth $13,011,000 after purchasing an additional 1,130,293 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.

Analysts Set New Price Targets

FSLY has been the topic of several recent research reports. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. DA Davidson boosted their price objective on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Citigroup boosted their price objective on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Finally, Oppenheimer started coverage on shares of Fastly in a research report on Monday, November 17th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.64.

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.