Fastly (NASDAQ:FSLY) CTO Sells $62,850.00 in Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $25.14, for a total transaction of $62,850.00. Following the completion of the transaction, the chief technology officer owned 1,597,206 shares in the company, valued at $40,153,758.84. The trade was a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The stock was sold at an average price of $22.72, for a total transaction 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 transaction 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.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The shares were sold at an average price of $24.72, for a total value of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total value of $926,268.20.

Fastly Stock Down 3.1%

Shares of FSLY traded down $0.75 during midday trading on Wednesday, reaching $23.55. 3,517,133 shares of the company were exchanged, compared to its average volume of 9,236,079. The stock has a 50-day moving average price of $22.85 and a 200-day moving average price of $22.35. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -44.43 and a beta of 0.36. Fastly, Inc. has a 1-year low of $7.74 and a 1-year high of $34.82. 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 posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates 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. Research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on FSLY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Evercore reissued an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. 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 research note on Thursday, August 6th. Canaccord Genuity Group began coverage on shares of Fastly in a report on Friday, July 17th. They set a “buy” rating and a $27.00 price target for the company. Finally, KeyCorp lifted their price target on shares of Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.33.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in Fastly by 100.5% in the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after buying an additional 3,524,763 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $79,620,000 after buying an additional 11,022 shares during the last quarter. Bank of America Corp DE grew its position 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 acquiring an additional 692,459 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Fastly by 90.7% in the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after acquiring an additional 326,087 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $8,696,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

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.