Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 37,039 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 37,039 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $25.48, for a total transaction of $943,753.72. Following the transaction, the chief technology officer directly owned 1,024,239 shares in the company, valued at approximately $26,097,609.72. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 Friday, October 9th, Artur Bergman sold 3,002 shares of Fastly stock. The stock was sold at an average price of $30.07, for a total transaction of $90,270.14.
• On Monday, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The shares were sold at an average price of $26.81, for a total transaction of $993,015.59.
• On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The shares were sold at an average price of $25.26, for a total transaction of $100,054.86.
• On Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was sold at an average price of $24.75, for a total transaction of $818,680.50.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The stock was 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 stock was 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 value of $762,367.87.
• On Tuesday, September 15th, Artur Bergman sold 2,500 shares of Fastly stock. The shares were sold at an average price of $25.14, for a total value of $62,850.00.

Fastly Trading Down 1.2%

Shares of NASDAQ:FSLY opened at $27.03 on Thursday. The company has a market capitalization of $4.31 billion, a P/E ratio of -51.00 and a beta of 0.31. Fastly, Inc. has a 1 year low of $7.87 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The business’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $21.13.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million for the quarter, compared to analyst estimates 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. On average, research analysts anticipate that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FSLY has been the subject of several recent analyst reports. Freedom Broker upped their price objective on shares of Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 price objective on the stock. Bank of America raised their target price on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, September 23rd. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, KeyCorp restated an “overweight” rating and issued a $30.00 target price on shares of Fastly in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fastly has a consensus rating of “Hold” and an average target price of $27.42.

Hedge Funds Weigh In On Fastly

Several hedge funds and other institutional investors have recently modified their holdings of FSLY. Bank of America Corp DE boosted its stake in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after buying an additional 692,459 shares in the last quarter. Convergence Investment Partners LLC bought a new position in Fastly in the first quarter valued at about $1,951,000. Range Financial Group LLC bought a new position in Fastly in the first quarter valued at about $1,667,000. Castleark Management LLC acquired a new position in Fastly during the first quarter worth about $5,164,000. Finally, Wellington Management Group LLP acquired a new position in Fastly during the second quarter worth about $8,696,000. Institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.