Fastly (NASDAQ:FSLY) CTO Sells $993,015.59 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 37,039 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $26.81, for a total transaction of $993,015.59. Following the completion of the sale, the chief technology officer directly owned 1,061,278 shares of the company’s stock, valued at approximately $28,452,863.18. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 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 value 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 value 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 value 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 value 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.
• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The stock was sold at an average price of $22.72, for a total value 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 value of $6,753.00.

Fastly Price Performance

Shares of Fastly stock traded down $2.09 during trading on Wednesday, hitting $25.00. The stock had a trading volume of 6,059,849 shares, compared to its average volume of 9,144,817. 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 firm has a market cap of $3.98 billion, a P/E ratio of -47.17 and a beta of 0.31. The business has a fifty day moving average of $24.92 and a two-hundred day moving average of $22.71. Fastly, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $34.82.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FSLY. Canaccord Genuity Group started coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. DA Davidson increased their target price on shares of Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, September 23rd. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Fastly presently has an average rating of “Hold” and a consensus target price of $27.42.

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently modified their holdings of FSLY. Perpetual Ltd purchased a new stake in shares of Fastly during the third quarter valued at $240,000. GK Wealth Management LLC acquired a new position in shares of Fastly in the 3rd quarter valued at $70,000. GAMMA Investing LLC boosted its position in shares of Fastly by 38.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after purchasing an additional 419 shares during the period. CoreCap Advisors LLC purchased a new position in Fastly in the 3rd quarter worth about $108,000. Finally, Cim Investment Management Inc. increased its stake in Fastly by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 10,816 shares of the company’s stock worth $199,000 after purchasing an additional 747 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

About Fastly

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.