Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 851 shares of Fastly stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $24.08, for a total value of $20,492.08. Following the transaction, the chief technology officer owned 1,920,050 shares in the company, valued at approximately $46,234,804. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Artur Bergman also recently made the following trade(s):
- On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was 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 stock was sold at an average price of $28.60, for a total value of $926,268.20.
- On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The stock was sold at an average price of $20.96, for a total value of $165,353.44.
Fastly Trading Down 1.1%
NASDAQ:FSLY opened at $22.79 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The business's 50-day simple moving average is $21.89 and its 200-day simple moving average is $21.96. Fastly, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $34.82. The stock has a market capitalization of $3.63 billion, a PE ratio of -43.00 and a beta of 0.34.
Fastly (NASDAQ:FSLY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 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. Sell-side analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on FSLY shares. Raymond James Financial reissued an "outperform" rating and set a $29.00 price objective on shares of Fastly in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fastly in a research note on Friday, August 7th. KeyCorp increased their target price on Fastly from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a research note on Thursday, August 6th. Finally, Evercore restated an "outperform" rating on shares of Fastly in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.33.
Check Out Our Latest Stock Analysis on FSLY
Institutional Trading of Fastly
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Fastly by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock valued at $172,825,000 after purchasing an additional 310,234 shares during the last quarter. Morgan Stanley lifted its position in Fastly by 14.7% during the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock worth $84,893,000 after buying an additional 1,071,222 shares in the last quarter. First Trust Advisors LP lifted its position in Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock worth $204,349,000 after buying an additional 3,524,763 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock worth $48,754,000 after buying an additional 4,623,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock worth $35,380,000 after buying an additional 117,213 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.
About Fastly
(
Get Free Report)
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.
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