Insider Selling: Fastly (NYSE:FSLY) CTO Sells $304,345.60 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 30,680 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $9.92, for a total transaction of $304,345.60. Following the completion of the transaction, the chief technology officer directly owned 2,619,899 shares of the company’s stock, valued at $25,989,398.08. This represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 value of $512,928.00.
• 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 value 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 value of $187,000.00.
• On Monday, January 5th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was 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 stock was sold at an average price of $10.23, for a total value of $409,200.00.
• On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.59, for a total transaction 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 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 transaction 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 shares were sold at an average price of $12.51, for a total transaction of $40,307.22.

Fastly Stock Down 3.8%

Shares of FSLY stock opened at $9.25 on Friday. The company’s fifty day simple moving average is $10.28 and its two-hundred day simple moving average is $8.91. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.59. The stock has a market cap of $1.38 billion, a P/E ratio of -9.64 and a beta of 0.98. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

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

Hedge Funds Weigh In On Fastly

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Fastly from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Citigroup lowered their price objective on shares of Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. DA Davidson boosted their target price on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen raised shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fastly currently has a consensus rating of “Hold” and a consensus target price of $10.64.

Fastly Company Profile

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.