Fastly (NASDAQ:FSLY) CTO Sells 31,079 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 31,079 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $24.53, for a total transaction of $762,367.87. Following the completion of the sale, the chief technology officer directly owned 1,599,706 shares of the company’s stock, valued at $39,240,788.18. This trade represents a 1.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 15th, Artur Bergman sold 2,500 shares of Fastly stock. The stock was sold at an average price of $25.14, for a total transaction of $62,850.00.
• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The shares were sold at an average price of $22.72, for a total transaction of $203,571.20.
• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The shares were sold at an average price of $22.51, for a total transaction 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 transaction of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The stock was sold at an average price of $20.66, for a total transaction 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 transaction 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 transaction of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The shares were 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 value of $926,268.20.

Fastly Stock Down 3.1%

Shares of NASDAQ:FSLY traded down $0.76 during trading on Wednesday, hitting $23.54. The company’s stock had a trading volume of 3,518,124 shares, compared to its average volume of 9,236,093. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $34.82. The stock’s 50-day moving average price is $22.85 and its two-hundred day moving average price is $22.35. The company has a market capitalization of $3.75 billion, a PE ratio of -44.42 and a beta of 0.36.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million during 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. As a group, sell-side analysts expect that Fastly, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on FSLY shares. Raymond James Financial restated an “outperform” rating and issued a $29.00 price target on shares of Fastly in a research note on Thursday, August 6th. Piper Sandler increased 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. Canaccord Genuity Group started coverage on shares of Fastly in a report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. Royal Bank Of Canada upped their target price 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. Finally, KeyCorp increased their price target on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.33.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently made changes to their positions in FSLY. Integrated Wealth Concepts LLC acquired a new position in Fastly in the second quarter valued at approximately $48,000. IFP Advisors Inc grew its holdings in shares of Fastly by 1,621.7% during the second 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 last quarter. Spark Investment Management LLC acquired a new stake in shares of Fastly during the 2nd quarter worth approximately $340,000. Nykredit A S bought a new stake in shares of Fastly in the 2nd quarter worth approximately $77,000. Finally, AlphaGrep UK Ltd bought a new stake in shares of Fastly in the 2nd quarter worth approximately $366,000. 79.71% of the stock is currently owned by institutional investors.

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.