Fastly (NYSE:FSLY) CTO Sells $522,625.68 in Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 31,848 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $16.41, for a total transaction of $522,625.68. Following the transaction, the chief technology officer directly owned 2,054,681 shares of the company’s stock, valued at $33,717,315.21. The trade was a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Monday, May 18th, Artur Bergman sold 32,181 shares of Fastly stock. The shares were sold at an average price of $16.85, for a total transaction of $542,249.85.
  • On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The stock was sold at an average price of $22.79, for a total transaction of $6,039,350.00.
  • On Monday, March 9th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $21.07, for a total transaction of $842,800.00.
  • On Monday, March 2nd, Artur Bergman sold 275,234 shares of Fastly stock. The stock was sold at an average price of $20.56, for a total transaction of $5,658,811.04.
  • 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 stock was 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 stock was sold at an average price of $17.50, for a total transaction 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 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.

Fastly Trading Down 0.5%

FSLY opened at $16.32 on Friday. Fastly, Inc. has a twelve month low of $6.29 and a twelve month high of $34.82. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $24.88 and a 200-day moving average of $16.60. The stock has a market cap of $2.55 billion, a PE ratio of -17.00 and a beta of 0.49.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FSLY. William Blair upgraded shares of Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. Citigroup increased their price objective on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Raymond James Financial upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Friday, May 8th. Royal Bank Of Canada reduced their price target on shares of Fastly to $18.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Finally, Craig Hallum cut shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.63.

View Our Latest Analysis on Fastly

Institutional Investors Weigh In On Fastly

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Fastly in the fourth quarter worth $41,000. Align Financial LLC acquired a new stake in Fastly in the fourth quarter worth $41,000. Sound Income Strategies LLC acquired a new stake in Fastly in the first quarter worth $44,000. Finally, Quarry LP acquired a new stake in Fastly in the third quarter worth $49,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Fastly Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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