Artur Bergman Sells 20,000 Shares of Fastly (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 20,000 shares of Fastly stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $8.18, for a total value of $163,600.00. Following the completion of the transaction, the chief technology officer owned 2,650,579 shares of the company’s stock, valued at approximately $21,681,736.22. This represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 12th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $9.35, for a total value of $187,000.00.
• On Monday, January 5th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were 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 shares were 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 shares were 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 stock was 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 transaction of $420,000.00.
• On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were 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 stock was 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 stock was sold at an average price of $11.82, for a total transaction of $10,035.18.

Fastly Stock Performance

Fastly stock opened at $9.38 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.59. The firm has a market capitalization of $1.40 billion, a P/E ratio of -9.77 and a beta of 0.98. The company’s 50-day moving average is $10.40 and its 200 day moving average is $8.79.

Fastly (NYSE:FSLY) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Research analysts forecast that Fastly, Inc. will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FSLY shares. Citigroup decreased their target price on Fastly from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Wednesday, October 8th. DA Davidson boosted their price objective on shares of Fastly from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Monday, December 15th. Finally, Wall Street Zen raised shares of Fastly from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.64.

Hedge Funds Weigh In On Fastly

A number of hedge funds and other institutional investors have recently modified their holdings of FSLY. Quotient Wealth Partners LLC bought a new position in Fastly in the fourth quarter worth approximately $118,000. Byrne Asset Management LLC boosted its position in Fastly by 130.8% during the 4th quarter. Byrne Asset Management LLC now owns 11,630 shares of the company’s stock valued at $118,000 after acquiring an additional 6,590 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Fastly by 3.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 79,221 shares of the company’s stock valued at $806,000 after acquiring an additional 2,860 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Fastly in the 3rd quarter worth $125,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Fastly during the 3rd quarter worth $202,000. 79.71% of the stock is currently owned by institutional investors.

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.