Fastly (NYSE:FSLY) CTO Artur Bergman Sells 869 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 869 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $17.50, for a total value of $15,207.50. Following the completion of the sale, the chief technology officer directly owned 1,841,663 shares of the company’s stock, valued at approximately $32,229,102.50. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.08, for a total value of $683,200.00.
• On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The shares were sold at an average price of $20.10, for a total value of $694,977.60.
• On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The stock was sold at an average price of $18.89, for a total transaction of $753,352.09.
• On Wednesday, February 18th, Artur Bergman sold 18,338 shares of Fastly stock. The stock was sold at an average price of $17.53, for a total transaction of $321,465.14.
• On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $701,200.00.
• On Friday, February 13th, Artur Bergman sold 200,847 shares of Fastly stock. The shares were sold at an average price of $18.42, for a total transaction of $3,699,601.74.
• On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The stock was sold at an average price of $18.25, for a total transaction of $367,336.00.
• On Monday, February 9th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.84, for a total transaction of $176,800.00.
• On Monday, February 2nd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $9.36, for a total transaction of $187,200.00.
• On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The stock was sold at an average price of $10.40, for a total transaction of $512,928.00.

Fastly Stock Up 10.7%

Shares of NYSE:FSLY traded up $2.05 during midday trading on Monday, hitting $21.17. 16,958,826 shares of the stock were exchanged, compared to its average volume of 11,092,895. The company has a market capitalization of $3.21 billion, a PE ratio of -22.05 and a beta of 1.03. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $21.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The business’s fifty day simple moving average is $11.57 and its two-hundred day simple moving average is $9.96.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FSLY shares. KeyCorp raised Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research note on Monday, December 15th. William Blair upgraded shares of Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their target price on shares of Fastly from $12.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday. Wall Street Zen upgraded shares of Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Citigroup lifted their price objective on shares of Fastly from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.14.

Hedge Funds Weigh In On Fastly

A number of institutional investors have recently modified their holdings of FSLY. Amundi boosted its holdings in shares of Fastly by 11.3% during the 1st quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after buying an additional 4,724 shares during the period. AQR Capital Management LLC bought a new position in Fastly in the 1st quarter worth $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fastly by 1.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock worth $2,950,000 after acquiring an additional 6,247 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Fastly by 963.6% during the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock worth $385,000 after acquiring an additional 55,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Fastly by 7.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after acquiring an additional 165,937 shares during the period. Institutional investors own 79.71% of the company’s stock.

Key Headlines Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital lifted its price target on FSLY to $20 from $12 after investor meetings that the bank said reassured it about the company’s improving execution; that upgrade/visibility is a clear near-term catalyst. Why Is Fastly (FSLY) Stock Soaring Today
• Positive Sentiment: Unusual options activity: large call buying was reported (over 22,000 calls traded, ~82% above average), which can drive upward stock moves via bullish speculation and dealer hedging (gamma). This surge in call interest is being cited as a primary driver of today’s move. Fastly (NYSE:FSLY) Russell 1000 Stock Jumps on Call Surge
• Neutral Sentiment: Macro market tailwinds: analysts note broader U.S. equity momentum in March, which has supported stocks generally and may be amplifying FSLY’s rally. March Momentum: Why U.S. Equities are Primed for a Rally
• Neutral Sentiment: Valuation scrutiny: recent commentary lays out that FSLY has posted very strong short-term returns (30‑ and 90‑day gains) and investors are reassessing valuation and sustainability of momentum. That keeps upside contingent on execution. Assessing Fastly (FSLY) Valuation After A Sharp Short-Term Share Price Surge
• Negative Sentiment: Insider selling: Fastly’s CTO sold ~40,000 shares on Feb. 23 (approx. $683k), which some investors view as a cautionary signal even if routine. Fastly’s Chief Technology Officer Sold 40,000 Company Shares. Is the Stock a Buy or Sell?
• Negative Sentiment: RBC kept a “sector perform” rating despite the higher target; the new $20 target is roughly at/just below the current price, so the upgrade is not a full buy endorsement and leaves valuation upside limited unless execution continues to improve. What Analysts Are Saying About Fastly Stock

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.