Insider Selling: Fastly (NYSE:FSLY) CTO Sells 40,000 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $10.23, for a total transaction of $409,200.00. Following the sale, the chief technology officer directly owned 2,730,579 shares in the company, valued at $27,933,823.17. This represents a 1.44% 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 the SEC website.

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

• 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 shares were sold at an average price of $10.50, for a total value 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 value of $426,400.00.
• On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The stock was sold at an average price of $12.51, for a total value 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 value of $472,830.80.
• On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The shares were sold at an average price of $11.82, for a total value of $10,035.18.
• On Monday, November 24th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $11.43, for a total transaction of $457,200.00.
• On Tuesday, November 18th, Artur Bergman sold 62,828 shares of Fastly stock. The stock was sold at an average price of $10.48, for a total transaction of $658,437.44.
• On Monday, November 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.77, for a total transaction of $430,800.00.

Fastly Trading Down 0.7%

Shares of NYSE FSLY traded down $0.07 during midday trading on Tuesday, hitting $10.14. The stock had a trading volume of 1,530,137 shares, compared to its average volume of 3,268,658. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.59. The company has a fifty day moving average price of $10.30 and a 200 day moving average price of $8.48. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -10.56 and a beta of 0.97.

Fastly (NYSE:FSLY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Fastly had a negative net margin of 23.49% and a negative return on equity of 12.02%. The company had revenue of $158.22 million during the quarter, compared to the consensus estimate of $151.04 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Fastly’s revenue for the quarter was up 15.3% on a year-over-year basis. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. On average, analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Fastly by 3.4% in the third quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company’s stock valued at $142,500,000 after acquiring an additional 554,909 shares during the period. Legal & General Group Plc boosted its stake in shares of Fastly by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 8,943,224 shares of the company’s stock valued at $63,139,000 after purchasing an additional 291,617 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Fastly in the 3rd quarter worth about $61,864,000. Dimensional Fund Advisors LP grew its holdings in shares of Fastly by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company’s stock worth $35,380,000 after purchasing an additional 117,213 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Fastly by 115.2% during the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company’s stock worth $23,899,000 after purchasing an additional 1,811,935 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Ratings Changes

FSLY has been the subject of several analyst reports. Piper Sandler upped their target price on Fastly from $7.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded Fastly from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Royal Bank Of Canada increased their price objective on shares of Fastly from $7.00 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. KeyCorp raised 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 report on Monday, December 15th. Finally, Citigroup raised their price target on shares of Fastly from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.64.

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.