Artur Bergman Sells 275,234 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 275,234 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $20.56, for a total value of $5,658,811.04. Following the completion of the transaction, the chief technology officer directly owned 1,909,901 shares in the company, valued at approximately $39,267,564.56. This represents a 12.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $20.69, for a total transaction of $643,024.51.
• 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 transaction of $516,643.92.
• On Friday, February 27th, Artur Bergman sold 869 shares of Fastly stock. The shares were 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 stock was sold at an average price of $17.08, for a total transaction of $683,200.00.
• On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The shares were sold at an average price of $20.10, for a total value 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 value 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 shares were sold at an average price of $18.25, for a total value of $367,336.00.

Fastly Stock Up 4.2%

Shares of FSLY stock traded up $0.91 during midday trading on Tuesday, reaching $22.74. 14,572,194 shares of the stock were exchanged, compared to its average volume of 11,339,008. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $23.12. The firm has a market cap of $3.45 billion, a PE ratio of -23.69 and a beta of 0.88. 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 company’s 50 day moving average is $13.07 and its two-hundred day moving average is $10.65.

Institutional Trading of Fastly

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Fastly by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company’s stock worth $172,825,000 after acquiring an additional 310,234 shares during the last quarter. Legal & General Group Plc increased its holdings in Fastly by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 8,943,224 shares of the company’s stock valued at $63,139,000 after purchasing an additional 291,617 shares during the last quarter. Morgan Stanley raised its position in Fastly by 14.7% in the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after purchasing an additional 1,071,222 shares during the period. Penserra Capital Management LLC acquired a new position in Fastly during the third quarter worth $61,864,000. Finally, Alyeska Investment Group L.P. boosted its position in shares of Fastly by 2,795.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock worth $48,754,000 after buying an additional 4,623,767 shares during the period. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FSLY has been the topic of several recent research reports. William Blair upgraded shares of Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, December 15th. Royal Bank Of Canada upped their target price on shares of Fastly from $12.00 to $20.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Oppenheimer started coverage on shares of Fastly in a report on Monday, November 17th. They issued a “market perform” rating for the company. Finally, DA Davidson set a $13.00 price objective on Fastly in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.14.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital raised Fastly’s price target to $20 (from $12) while keeping a “Sector Perform” rating, citing improved execution and potential for multiple expansion after meetings with management. This analyst action supports the recent buying interest. Read More.
• Positive Sentiment: Momentum from the company’s February earnings has driven a sharp rally — Benzinga reports FSLY is up roughly 145% over the past month as traders chase the stronger results and hopeful outlook. This explains elevated volume and bullish positioning. Read More.
• Neutral Sentiment: Institutions still hold a large share (~79.7%) and some funds modestly increased stakes in recent quarters; that can stabilize trading but also concentrate supply/demand. Read More.
• Negative Sentiment: Significant insider selling from top executives: CTO Artur Bergman sold 31,079 shares (avg. $20.69, ~$643k) and CEO Charles Lacey Compton III sold 36,694 shares (avg. $20.69, ~$759k) in transactions filed with the SEC. Repeated sizable insider sales can act as a psychological cap on the stock and prompt short-term profit‑taking. Read More. Read More.

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.