Fastly (NYSE:FSLY) CTO Sells 20,000 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 20,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $9.35, for a total transaction of $187,000.00. Following the transaction, the chief technology officer owned 2,670,579 shares in the company, valued at $24,969,913.65. The trade was a 0.74% decrease in their ownership of the stock. The sale 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, January 5th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.27, for a total value of $410,800.00.
• On Monday, December 29th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.23, for a total value of $409,200.00.
• On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.59, for a total value of $423,600.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total value of $420,000.00.
• On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.50, for a total value of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.66, for a total transaction of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The shares were 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.

Fastly Price Performance

FSLY stock traded down $0.07 on Wednesday, reaching $9.20. The company had a trading volume of 3,092,586 shares, compared to its average volume of 3,369,742. The company’s fifty day moving average is $10.69 and its 200 day moving average is $8.72. The company has a market cap of $1.37 billion, a P/E ratio of -9.58 and a beta of 0.98. 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 1 year low of $4.65 and a 1 year high of $12.59.

Fastly (NYSE:FSLY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $158.22 million during the quarter, compared to analysts’ expectations of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. On average, research analysts forecast that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new stake in Fastly during the third quarter valued at about $43,000. Quarry LP acquired a new position in shares of Fastly in the 3rd quarter valued at about $49,000. Geneos Wealth Management Inc. purchased a new stake in shares of Fastly during the 1st quarter worth about $52,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Fastly during the 3rd quarter worth approximately $56,000. Finally, State of Alaska Department of Revenue purchased a new position in Fastly in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FSLY. Oppenheimer assumed coverage on shares of Fastly in a research report on Monday, November 17th. They issued a “market perform” rating for the company. Citigroup boosted their price target on Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. KeyCorp upgraded Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a report on Monday, December 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Fastly currently has an average rating of “Hold” and a consensus price target of $10.93.

About Fastly

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.