Fastly (NASDAQ:FSLY) Stock: Insider Artur Bergman Sells 37,039 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 37,039 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $25.48, for a total transaction of $943,753.72. Following the sale, the chief technology officer owned 1,024,239 shares in the company, valued at approximately $26,097,609.72. This trade represents a 3.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 9th, Artur Bergman sold 3,002 shares of Fastly stock. The stock was sold at an average price of $30.07, for a total transaction of $90,270.14.
• 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 value of $993,015.59.
• On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The stock was sold at an average price of $25.26, for a total value 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 value 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 shares were 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 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 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 stock was 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 stock was sold at an average price of $25.14, for a total value of $62,850.00.

Fastly Trading Down 1.2%

NASDAQ:FSLY traded down $0.34 during mid-day trading on Wednesday, reaching $27.03. The company’s stock had a trading volume of 3,317,580 shares, compared to its average volume of 8,950,006. The company’s fifty day simple moving average is $24.41 and its two-hundred day simple moving average is $21.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a twelve month low of $7.87 and a twelve month high of $34.82. The stock has a market cap of $4.31 billion, a P/E ratio of -51.00 and a beta of 0.31.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The company 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, equities analysts predict that Fastly, Inc. will post -0.29 EPS for the current year.

Institutional Trading of Fastly

A number of institutional investors and hedge funds have recently bought and sold shares of FSLY. First Trust Advisors LP lifted its position in Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after buying an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Fastly by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock valued at $79,620,000 after acquiring an additional 11,022 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Fastly by 120.0% during the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after acquiring an additional 692,459 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Fastly during the 2nd quarter valued at $8,696,000. Finally, Swiss National Bank boosted its position in Fastly by 1.8% during the 1st quarter. Swiss National Bank now owns 280,900 shares of the company’s stock worth $8,163,000 after purchasing an additional 4,900 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FSLY. Piper Sandler lifted their price target on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. DA Davidson boosted their price objective 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 Broker upped their price objective on Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Fastly in a research report on Friday, September 18th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fastly has an average rating of “Hold” and an average target price of $27.42.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.