Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 3,002 Shares of Company Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 3,002 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $30.07, for a total transaction of $90,270.14. Following the transaction, the chief technology officer directly owned 1,098,317 shares of the company’s stock, valued at $33,026,392.19. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The stock was sold at an average price of $26.81, for a total transaction 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 transaction 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 transaction of $818,680.50.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The shares were sold at an average price of $30.16, for a total transaction 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 transaction 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 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 stock was 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.

Fastly Stock Performance

Fastly stock opened at $25.00 on Thursday. Fastly, Inc. has a one year low of $7.74 and a one year high of $34.82. The stock has a fifty day moving average of $24.90 and a 200 day moving average of $22.68. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million for 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. Analysts forecast that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FSLY shares. Freedom Broker increased 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, September 23rd. Evercore restated an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. Piper Sandler upped their target price on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Friday, October 9th. Finally, DA Davidson increased their price target on shares of Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.42.

Hedge Funds Weigh In On Fastly

Several large investors have recently made changes to their positions in the business. First Trust Advisors LP boosted its stake in Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after purchasing an additional 3,524,763 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 buying an additional 11,022 shares in the last quarter. Bank of America Corp DE grew its holdings in 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 buying an additional 692,459 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Fastly by 90.7% during the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after buying an additional 326,087 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Fastly during the second quarter valued at approximately $8,696,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

About Fastly

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.