Key Points
- Fastly CTO Artur Bergman sold 8,960 shares at an average price of $22.72, generating $203,571.20. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 0.55% to 1,630,785 shares.
- Bergman has made several additional Fastly sales since mid-August, including more than 50,000 shares sold on September 3 and approximately 32,000 shares sold on August 18.
- Fastly’s latest quarterly results exceeded expectations, with EPS of $0.15 versus a $0.07 estimate and revenue of $183.32 million. Analysts have a consensus “Hold” rating and an average price target of $25.33, while institutional investors own 79.71% of the stock.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 8,960 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $22.72, for a total transaction of $203,571.20. Following the completion of the sale, the chief technology officer owned 1,630,785 shares in the company, valued at approximately $37,051,435.20. This trade represents a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 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 value 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 value 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 value of $363,120.16.
- On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total value 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 value of $20,492.08.
- 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.
Fastly Price Performance
Shares of NASDAQ FSLY opened at $23.16 on Friday. Fastly, Inc. has a twelve month low of $7.62 and a twelve month 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. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of -43.70 and a beta of 0.36. The business has a 50 day simple moving average of $22.61 and a 200-day simple moving average of $22.22.
Fastly (NASDAQ:FSLY - Get Free Report) last announced its quarterly earnings data 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. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.The firm had revenue of $183.32 million for 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. As a group, equities research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.
Analysts Set New Price Targets
FSLY has been the topic of a number of recent research reports. Evercore restated an "outperform" rating on shares of Fastly in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Raymond James Financial reiterated an "outperform" rating and set a $29.00 price objective on shares of Fastly in a research note on Thursday, August 6th. Freedom Capital raised shares of Fastly to a "strong-buy" rating in a report on Thursday, July 16th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Fastly in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.33.
View Our Latest Analysis on Fastly
Institutional Investors Weigh In On Fastly
A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in shares of Fastly by 14.7% during the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock valued at $84,893,000 after acquiring an additional 1,071,222 shares during the period. First Trust Advisors LP increased its holdings in shares of 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 acquiring an additional 3,524,763 shares during the period. Alyeska Investment Group L.P. lifted its position in Fastly by 2,795.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock valued at $48,754,000 after purchasing an additional 4,623,767 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Fastly by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock valued at $35,380,000 after purchasing an additional 117,213 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Fastly by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,477,675 shares of the company's stock valued at $35,408,000 after purchasing an additional 233,184 shares during the period. 79.71% of the stock is currently owned by institutional investors.
About Fastly
(
Get Free Report)
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.
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