Artur Bergman Sells 20,000 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 20,000 shares of Fastly stock in a transaction on Monday, September 15th. The shares were sold at an average price of $8.56, for a total transaction of $171,200.00. Following the completion of the sale, the chief technology officer directly owned 3,481,276 shares in the company, valued at $29,799,722.56. This represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 8th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total transaction of $149,000.00.
• On Tuesday, September 2nd, Artur Bergman sold 58,138 shares of Fastly stock. The stock was sold at an average price of $7.41, for a total transaction of $430,802.58.
• On Wednesday, August 27th, Artur Bergman sold 849 shares of Fastly stock. The shares were sold at an average price of $7.30, for a total transaction of $6,197.70.
• On Tuesday, August 19th, Artur Bergman sold 19,353 shares of Fastly stock. The shares were sold at an average price of $7.33, for a total transaction of $141,857.49.
• On Monday, August 18th, Artur Bergman sold 26,418 shares of Fastly stock. The shares were sold at an average price of $6.88, for a total transaction of $181,755.84.

Fastly Stock Up 3.6%

Shares of NYSE:FSLY opened at $8.94 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $1.32 billion, a PE ratio of -8.68 and a beta of 1.24. The firm’s 50-day moving average is $7.27 and its two-hundred day moving average is $6.91. Fastly, Inc. has a 1 year low of $4.65 and a 1 year high of $12.08.

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Fastly had a negative net margin of 25.85% and a negative return on equity of 11.98%. The firm had revenue of $148.71 million for the quarter, compared to analyst estimates of $144.86 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts predict that Fastly, Inc. will post -0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FSLY shares. Craig Hallum raised Fastly from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, August 7th. KeyCorp upgraded Fastly to a “sector weight” rating in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada lifted their price objective on Fastly from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSLY. Vident Advisory LLC lifted its holdings in shares of Fastly by 4.4% during the first quarter. Vident Advisory LLC now owns 34,316 shares of the company’s stock valued at $217,000 after purchasing an additional 1,438 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Fastly by 6.1% during the 1st quarter. Hsbc Holdings PLC now owns 27,938 shares of the company’s stock valued at $175,000 after acquiring an additional 1,612 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Fastly by 12.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,852 shares of the company’s stock valued at $113,000 after acquiring an additional 1,975 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Fastly by 0.9% during the 1st quarter. Federated Hermes Inc. now owns 211,638 shares of the company’s stock valued at $1,340,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Fastly by 12.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,433 shares of the company’s stock valued at $137,000 after acquiring an additional 2,210 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.