Artur Bergman Sells 8,960 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 8,960 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $22.72, for a total value of $203,571.20. Following the completion of the transaction, the chief technology officer directly owned 1,630,785 shares of the company’s stock, valued at approximately $37,051,435.20. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total value of $6,753.00.
• On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The stock was sold at an average price of $20.90, for a total value of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total value of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total value of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The shares were sold at an average price of $24.08, for a total value of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was sold at an average price of $24.72, for a total value of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total transaction of $926,268.20.

Fastly Price Performance

FSLY opened at $23.16 on Friday. Fastly, Inc. has a fifty-two week low of $7.62 and a fifty-two week high of $34.82. The firm has a 50-day moving average of $22.61 and a 200 day moving average of $22.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market cap of $3.69 billion, a P/E ratio of -43.70 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The business had revenue of $183.32 million for the quarter, compared to analyst estimates of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, research analysts expect that Fastly, Inc. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FSLY. Evercore reiterated an “outperform” rating on shares of Fastly in a research note on Thursday, August 6th. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 target price for the company. Royal Bank Of Canada upped their price target on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Piper Sandler lifted their price objective on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.33.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in shares of Fastly in the second quarter valued at approximately $48,000. IFP Advisors Inc boosted its holdings in Fastly by 1,621.7% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock valued at $26,000 after purchasing an additional 1,346 shares during the period. Spark Investment Management LLC purchased a new position in shares of Fastly during the 2nd quarter valued at $340,000. Nykredit A S bought a new position in shares of Fastly in the second quarter worth $77,000. Finally, California State Teachers Retirement System raised its position in shares of Fastly by 1,683.4% in the second quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company’s stock worth $53,844,000 after buying an additional 2,768,234 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.