Artur Bergman Sells 851 Shares of Fastly (NASDAQ:FSLY) Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 851 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $24.08, for a total transaction of $20,492.08. Following the completion of the transaction, the chief technology officer directly owned 1,920,050 shares of the company’s stock, valued at approximately $46,234,804. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 transaction of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total transaction of $926,268.20.
• On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The shares were sold at an average price of $20.96, for a total transaction of $165,353.44.

Fastly Stock Performance

Shares of NASDAQ:FSLY opened at $20.77 on Wednesday. Fastly, Inc. has a 52 week low of $7.05 and a 52 week high of $34.82. The stock has a market capitalization of $3.31 billion, a P/E ratio of -39.19 and a beta of 0.36. The firm has a fifty day simple moving average of $21.97 and a two-hundred day simple moving average of $22.04. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $183.32 million for the quarter, compared to the consensus estimate 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, analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of Fastly in a research note on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. Piper Sandler raised their price target on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Citigroup raised their price target on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $25.33.

Institutional Trading of Fastly

A number of large investors have recently made changes to their positions in FSLY. Bank of America Corp DE increased its stake in Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after buying an additional 692,459 shares during the period. Convergence Investment Partners LLC purchased a new stake in Fastly in the 1st quarter valued at about $1,951,000. Range Financial Group LLC bought a new position in Fastly in the 1st quarter worth about $1,667,000. Castleark Management LLC bought a new position in Fastly in the 1st quarter worth about $5,164,000. Finally, Vanguard Group Inc. increased its position in shares of Fastly by 1.9% during the fourth 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 period. 79.71% of the stock is owned by hedge funds and other institutional investors.

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.