Fastly (NASDAQ:FSLY) Stock: Insider Artur Bergman Sells 3,002 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 3,002 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $30.07, for a total transaction of $90,270.14. Following the transaction, the chief technology officer owned 1,098,317 shares in the company, valued at $33,026,392.19. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The shares were sold at an average price of $26.81, for a total transaction of $993,015.59.
• 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 stock was 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 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 shares were sold at an average price of $22.72, for a total value of $203,571.20.

Fastly Trading Down 7.7%

Shares of FSLY stock traded down $2.09 on Wednesday, reaching $25.00. 6,069,955 shares of the stock were exchanged, compared to its average volume of 9,145,119. The stock has a market cap of $3.98 billion, a PE ratio of -47.17 and a beta of 0.31. Fastly, Inc. has a one year low of $7.74 and a one year high of $34.82. 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 stock has a 50 day moving average price of $24.92 and a 200 day moving average price of $22.71.

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

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after acquiring an additional 419 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after acquiring an additional 627 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after acquiring an additional 633 shares during the last quarter. Cim Investment Management Inc. raised 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 valued at $199,000 after acquiring an additional 747 shares during the period. Finally, IFP Advisors Inc raised 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 valued at $26,000 after acquiring an additional 1,346 shares during the period. Institutional investors own 79.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FSLY. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. KeyCorp reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Fastly in a research note on Friday, September 18th. Piper Sandler raised their target price on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective on the stock. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.42.

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.