Fastly (NASDAQ:FSLY) CTO Sells $818,680.50 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 33,078 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $24.75, for a total value of $818,680.50. Following the completion of the sale, the chief technology officer owned 1,105,280 shares in the company, valued at approximately $27,355,680. This represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 29th, Artur Bergman sold 3,961 shares of Fastly stock. The stock was sold at an average price of $25.26, for a total transaction of $100,054.86.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The shares were sold at an average price of $30.16, for a total transaction of $11,448,796.32.
• On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The shares were sold at an average price of $27.82, for a total transaction of $776,178.00.
• On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The stock was sold at an average price of $27.38, for a total transaction of $1,345,617.48.
• On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The shares were sold at an average price of $25.30, for a total transaction of $55,660.00.
• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $24.53, for a total transaction of $762,367.87.
• 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 stock was 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 stock was 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 shares were sold at an average price of $20.90, for a total value of $387,047.10.

Fastly Price Performance

Shares of Fastly stock opened at $25.81 on Friday. 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, Inc. has a twelve month low of $7.74 and a twelve month high of $34.82. The business has a 50-day moving average price of $24.30 and a 200 day moving average price of $22.74. The firm has a market cap of $4.11 billion, a PE ratio of -48.70 and a beta of 0.31.

Fastly (NASDAQ:FSLY) last released its quarterly 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. The company had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Sell-side analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group started coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price on the stock. Evercore restated an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $25.00 price objective on shares of Fastly in a research report on Wednesday, September 23rd. Bank of America lifted their target price on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday, September 23rd. Finally, Freedom Broker boosted their target price on shares of Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.73.

Institutional Trading of Fastly

Several large investors have recently made changes to their positions in FSLY. PNC Financial Services Group Inc. boosted its stake in Fastly by 84.6% during the 1st 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 last quarter. 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 worth $26,000 after buying an additional 1,346 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Fastly in the first quarter valued at about $44,000. EverSource Wealth Advisors LLC raised its position in shares of Fastly by 39.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after buying an additional 627 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Fastly in the second quarter worth about $48,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

About Fastly

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.