Fastly (NASDAQ:FSLY) CTO Sells $776,178.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 27,900 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $27.82, for a total value of $776,178.00. Following the completion of the sale, the chief technology officer directly owned 1,517,960 shares in the company, valued at $42,229,647.20. The trade was a 1.80% decrease in their ownership of the stock. The transaction 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 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 stock was 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 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.
• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total value of $6,753.00.
• On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The shares were sold at an average price of $20.90, for a total transaction of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total transaction of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The stock was sold at an average price of $24.08, for a total transaction of $20,492.08.

Fastly Trading Up 13.7%

Shares of FSLY traded up $3.57 during trading hours on Wednesday, reaching $29.65. 29,901,667 shares of the company traded hands, compared to its average volume of 9,361,164. The company’s fifty day moving average price is $23.35 and its two-hundred day moving average price is $22.54. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of -55.94 and a beta of 0.36. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 12 month low of $7.74 and a 12 month high of $34.82.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The business had revenue of $183.32 million for the quarter, compared to analysts’ expectations of $173.94 million. 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 predict that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Freedom Broker raised its price target on Fastly from $32 to $37 and upgraded the shares to “buy,” implying additional upside. Freedom Broker price target report
• Positive Sentiment: Unusually strong options activity suggests bullish near-term speculation: investors purchased 33,432 call options, approximately 187% above typical call volume.
• Positive Sentiment: Fastly is expanding beyond content delivery into a broader edge platform, including AI Firewall, AI Runtime Control and API security products. The strategy could enlarge its addressable market as businesses seek to secure and manage AI-related traffic. Fastly expands edge platform article
• Positive Sentiment: Recent quarterly results support the bullish case: revenue reached a record $183.3 million, up 23% year over year, while non-GAAP EPS of $0.15 exceeded expectations. Full-year 2026 guidance was also raised to approximately $739 million of revenue and $0.52 EPS at the midpoint. Fastly earnings and valuation article
• Neutral Sentiment: Bank of America said Fastly’s move toward an edge platform is strategically promising, but the size and timing of the AI opportunity remain uncertain. The company remains unprofitable on a trailing basis, increasing the importance of execution and margin expansion.
• Negative Sentiment: DA Davidson maintained a “neutral” rating and set a $23 price target, citing high expectations after the rally. The target is well below recent trading levels. DA Davidson Fastly price target article
• Negative Sentiment: Investor Day prompted profit-taking after the stock’s sharp advance, highlighting concerns that much of the AI and turnaround optimism may already be reflected in the valuation. Fastly rally and profit-taking article

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. KeyCorp restated an “overweight” rating and set a $30.00 target price on shares of Fastly in a report on Friday, September 18th. Canaccord Genuity Group initiated coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price target for the company. Freedom Broker boosted their price objective on shares of Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday. DA Davidson raised their target price on shares of Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $25.00 target price on shares of Fastly in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Fastly presently has a consensus rating of “Hold” and a consensus target price of $26.73.

Hedge Funds Weigh In On Fastly

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP grew its stake in shares of Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares during the period. Bank of America Corp DE lifted its stake in shares of Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares during the period. Wellington Management Group LLP bought a new position in shares of Fastly in the 2nd quarter worth approximately $8,696,000. SG Americas Securities LLC boosted its holdings in shares of Fastly by 90.7% in the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock worth $19,918,000 after buying an additional 326,087 shares during the last quarter. Finally, Castleark Management LLC purchased a new position in shares of Fastly in the first quarter worth approximately $5,164,000. 79.71% of the stock is currently owned by institutional investors.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.