Artur Bergman Sells 40,000 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $10.66, for a total value of $426,400.00. Following the transaction, the chief technology officer owned 2,850,579 shares in the company, valued at $30,387,172.14. This trade represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The stock was sold at an average price of $12.51, for a total transaction of $40,307.22.
• On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The shares were sold at an average price of $11.51, for a total transaction of $472,830.80.
• On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The shares were sold at an average price of $11.82, for a total transaction of $10,035.18.
• On Monday, November 24th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $11.43, for a total transaction of $457,200.00.
• On Tuesday, November 18th, Artur Bergman sold 62,828 shares of Fastly stock. The shares were sold at an average price of $10.48, for a total value of $658,437.44.
• On Monday, November 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.77, for a total value of $430,800.00.
• On Wednesday, November 12th, Artur Bergman sold 2,718 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total value of $34,002.18.
• On Monday, November 10th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $11.92, for a total value of $476,800.00.
• On Thursday, November 6th, Artur Bergman sold 220,000 shares of Fastly stock. The stock was sold at an average price of $10.67, for a total value of $2,347,400.00.
• On Monday, November 3rd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.21, for a total value of $164,200.00.

Fastly Stock Performance

Shares of Fastly stock traded down $0.34 during trading on Wednesday, hitting $10.54. 3,806,669 shares of the stock were exchanged, compared to its average volume of 3,295,651. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a 12 month low of $4.65 and a 12 month high of $12.59. The stock’s fifty day moving average is $9.76 and its 200 day moving average is $8.21. The stock has a market cap of $1.57 billion, a PE ratio of -10.98 and a beta of 0.97.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $158.22 million for the quarter, compared to the consensus estimate of $151.04 million. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. Fastly’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.02 EPS. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. As a group, sell-side analysts anticipate that Fastly, Inc. will post -0.78 EPS for the current year.

Institutional Investors Weigh In On Fastly

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Fastly by 2.0% during the first quarter. Vanguard Group Inc. now owns 15,590,433 shares of the company’s stock valued at $98,687,000 after acquiring an additional 300,572 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Fastly during the 1st quarter valued at $808,000. Invesco Ltd. lifted its holdings in shares of Fastly by 37.0% in the first quarter. Invesco Ltd. now owns 224,192 shares of the company’s stock valued at $1,419,000 after purchasing an additional 60,524 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Fastly in the first quarter valued at $2,375,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Fastly by 371.7% in the first quarter. Russell Investments Group Ltd. now owns 202,850 shares of the company’s stock worth $1,284,000 after buying an additional 159,842 shares during the period. 79.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on FSLY shares. DA Davidson lifted their target price on Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada increased their target price on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Piper Sandler increased their price objective on shares of Fastly from $7.50 to $10.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fastly currently has an average rating of “Hold” and an average price target of $10.08.

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.