Fastly (NASDAQ:FSLY) CTO Sells $100,054.86 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 3,961 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $25.26, for a total transaction of $100,054.86. Following the completion of the transaction, the chief technology officer directly owned 1,101,319 shares in the company, valued at $27,819,317.94. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The shares were 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 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 shares were sold at an average price of $27.38, for a total value of $1,345,617.48.
• On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The stock was 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 shares were 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 shares were 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 stock was sold at an average price of $20.90, for a total value of $387,047.10.

Fastly Stock Down 2.2%

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. The firm has a market cap of $4.11 billion, a P/E ratio of -48.70 and a beta of 0.31. The business has a fifty day moving average of $24.30 and a two-hundred day moving average of $22.74. Fastly, Inc. has a twelve month low of $7.74 and a twelve month high of $34.82.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to the consensus estimate 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, analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fastly

A number of large investors have recently modified their holdings of FSLY. IFP Advisors Inc boosted its stake in Fastly by 1,621.7% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after purchasing an additional 1,346 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after buying an additional 633 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Fastly during the fourth quarter valued at $41,000. Sound Income Strategies LLC purchased a new stake in shares of Fastly during the first quarter valued at $44,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Fastly in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FSLY. Piper Sandler boosted their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. DA Davidson raised their price target on shares of Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. Evercore reaffirmed an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $25.00 price objective on shares of Fastly in a research note on Wednesday, September 23rd. Finally, Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Fastly has an average rating of “Hold” and a consensus target price of $26.73.

Fastly Company Profile

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.