Fastly, Inc. (NYSE:FSLY – Get Free Report) CTO Artur Bergman sold 1,077 shares of Fastly stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $17.02, for a total transaction of $18,330.54. Following the completion of the sale, the chief technology officer owned 2,052,752 shares in the company, valued at approximately $34,937,839.04. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Wednesday, May 27th, Artur Bergman sold 852 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total transaction of $14,910.00.
- On Tuesday, May 19th, Artur Bergman sold 31,848 shares of Fastly stock. The shares were sold at an average price of $16.41, for a total transaction of $522,625.68.
- On Monday, May 18th, Artur Bergman sold 32,181 shares of Fastly stock. The shares were sold at an average price of $16.85, for a total transaction of $542,249.85.
- On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The shares were sold at an average price of $22.79, for a total transaction of $6,039,350.00.
- On Monday, March 9th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $21.07, for a total transaction of $842,800.00.
- On Monday, March 2nd, Artur Bergman sold 275,234 shares of Fastly stock. The shares were sold at an average price of $20.56, for a total transaction of $5,658,811.04.
- On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $20.69, for a total transaction of $643,024.51.
- On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were sold at an average price of $21.06, for a total transaction of $516,643.92.
Fastly Trading Up 4.8%
Shares of NYSE:FSLY opened at $17.76 on Friday. The company has a market cap of $2.78 billion, a PE ratio of -18.50 and a beta of 0.49. The company’s 50-day moving average price is $24.13 and its 200 day moving average price is $16.86. Fastly, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $34.82. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on FSLY
Hedge Funds Weigh In On Fastly
Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 627 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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 purchasing an additional 633 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Fastly by 8.4% in the 4th quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company’s stock worth $122,000 after purchasing an additional 930 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Fastly by 3.2% in the 3rd quarter. Arizona State Retirement System now owns 40,705 shares of the company’s stock worth $348,000 after purchasing an additional 1,253 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. grew its stake in shares of Fastly by 13.8% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock worth $103,000 after purchasing an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.
Fastly Company Profile
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.
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