Fastly (NASDAQ:FSLY) Stock: Insider Artur Bergman Sells 37,039 Shares

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 37,039 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $26.81, for a total transaction of $993,015.59. Following the transaction, the chief technology officer owned 1,061,278 shares in the company, valued at approximately $28,452,863.18. The trade was a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 9th, Artur Bergman sold 3,002 shares of Fastly stock. The stock was sold at an average price of $30.07, for a total transaction of $90,270.14.
• 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 shares were 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 stock was 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 stock was sold at an average price of $27.38, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $203,571.20.

Fastly Stock Up 0.3%

Shares of NASDAQ FSLY opened at $25.07 on Friday. Fastly, Inc. has a 52-week low of $7.74 and a 52-week high of $34.82. The firm has a fifty day moving average of $24.95 and a 200-day moving average of $22.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate 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. On average, sell-side analysts predict that Fastly, Inc. will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Fastly

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in Fastly by 120.0% in 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 purchasing an additional 692,459 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Fastly during the first quarter worth about $1,951,000. Range Financial Group LLC acquired a new position in shares of Fastly during the first quarter worth about $1,667,000. Castleark Management LLC acquired a new position in shares of Fastly during the first quarter worth about $5,164,000. Finally, Wellington Management Group LLP acquired a new position in shares of Fastly during the second quarter worth about $8,696,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSLY shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $25.00 price objective on shares of Fastly in a report on Wednesday, September 23rd. DA Davidson boosted their target price on Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. Canaccord Genuity Group started coverage on Fastly in a report on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Raymond James Financial restated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.42.

Fastly Company Profile

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.