Fastly, Inc. (NYSE:FSLY – Get Free Report) CTO Artur Bergman sold 31,079 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $20.69, for a total transaction of $643,024.51. Following the transaction, the chief technology officer owned 2,118,710 shares of the company’s stock, valued at approximately $43,836,109.90. This represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Artur Bergman also recently made the following trade(s):
- On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were sold at an average price of $21.06, for a total value of $516,643.92.
- On Friday, February 27th, Artur Bergman sold 869 shares of Fastly stock. The stock was sold at an average price of $17.50, for a total value of $15,207.50.
- On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.08, for a total value of $683,200.00.
- On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The stock was sold at an average price of $20.10, for a total transaction of $694,977.60.
- On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The stock was sold at an average price of $18.89, for a total transaction of $753,352.09.
- On Wednesday, February 18th, Artur Bergman sold 18,338 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $321,465.14.
- On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $17.53, for a total transaction of $701,200.00.
- On Friday, February 13th, Artur Bergman sold 200,847 shares of Fastly stock. The shares were sold at an average price of $18.42, for a total transaction of $3,699,601.74.
- On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The stock was sold at an average price of $18.25, for a total value of $367,336.00.
- On Monday, February 9th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.84, for a total value of $176,800.00.
Fastly Stock Performance
Shares of NYSE:FSLY traded up $1.69 on Monday, hitting $21.83. The company had a trading volume of 10,991,104 shares, compared to its average volume of 11,266,226. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $21.85. The stock has a 50 day moving average price of $12.58 and a 200 day moving average price of $10.44. 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 stock has a market cap of $3.31 billion, a price-to-earnings ratio of -22.74 and a beta of 0.88.
Analysts Set New Price Targets
Read Our Latest Research Report on Fastly
Institutional Investors Weigh In On Fastly
Several hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Fastly in the 4th quarter worth about $41,000. Sunbelt Securities Inc. increased its position in shares of Fastly by 199.8% during the fourth quarter. Sunbelt Securities Inc. now owns 70,868 shares of the company’s stock valued at $721,000 after acquiring an additional 47,233 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Fastly during the fourth quarter worth $11,657,000. Invesco Ltd. increased its position in shares of Fastly by 13.7% during the 4th quarter. Invesco Ltd. now owns 408,148 shares of the company’s stock valued at $4,155,000 after purchasing an additional 49,093 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Fastly during the 4th quarter worth $439,000. Institutional investors own 79.71% of the company’s stock.
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.
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