Fastly (NYSE:FSLY) CTO Artur Bergman Sells 20,000 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $8.18, for a total transaction of $163,600.00. Following the completion of the sale, the chief technology officer directly owned 2,650,579 shares in the company, valued at approximately $21,681,736.22. This trade represents a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, January 12th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $9.35, for a total value 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 value of $410,800.00.
• On Monday, December 29th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.23, for a total transaction of $409,200.00.
• On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.59, for a total value of $423,600.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total value of $420,000.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total transaction of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was 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 value 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 transaction of $10,035.18.

Fastly Stock Performance

FSLY traded up $0.14 during trading on Wednesday, reaching $8.92. The company’s stock had a trading volume of 2,134,055 shares, compared to its average volume of 3,231,004. 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 company’s fifty day moving average price is $10.50 and its 200-day moving average price is $8.79. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $12.59. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.29 and a beta of 0.98.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. 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, equities analysts forecast that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. KeyCorp raised Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Monday, December 15th. Oppenheimer began coverage on Fastly in a report on Monday, November 17th. They issued a “market perform” rating for the company. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Citigroup decreased their price objective on shares of Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Byrne Asset Management LLC acquired a new position in Fastly in the third quarter worth approximately $43,000. Quarry LP acquired a new stake in shares of Fastly during the 3rd quarter valued at $49,000. Geneos Wealth Management Inc. bought a new stake in shares of Fastly during the 1st quarter worth $52,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Fastly in the 3rd quarter worth $56,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Fastly during the third quarter worth $57,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

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.