Key Points
- Fastly CTO Artur Bergman sold 31,079 shares at an average price of $24.53, generating $762,368. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 1.91% to about 1.6 million shares.
- Bergman has made several additional Fastly sales since August, totaling substantial insider selling activity, while Fastly shares recently opened at $23.54 and have traded between $7.74 and $34.82 over the past year.
- Fastly exceeded quarterly earnings and revenue expectations, but remains unprofitable. Analysts’ average rating is “Hold”, with an average price target of $25.33; institutional investors own approximately 79.7% of the stock.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 2,500 shares of Fastly stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $25.14, for a total value of $62,850.00. Following the completion of the sale, the chief technology officer directly owned 1,597,206 shares in the company, valued at $40,153,758.84. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 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 value of $762,367.87.
- 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 value of $203,571.20.
- On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The shares were 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 stock was 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 transaction 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 shares were sold at an average price of $24.72, for a total transaction 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 transaction of $926,268.20.
Fastly Trading Down 3.1%
Fastly stock opened at $23.54 on Thursday. Fastly, Inc. has a 52 week low of $7.74 and a 52 week high of $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The stock has a market capitalization of $3.75 billion, a P/E ratio of -44.42 and a beta of 0.36. The stock has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $22.39.
Fastly (NASDAQ:FSLY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million for 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. Analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of FSLY. Integrated Wealth Concepts LLC acquired a new stake in shares of Fastly during the second quarter valued at about $48,000. IFP Advisors Inc increased its stake in shares of Fastly by 1,621.7% in the second quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock valued at $26,000 after buying an additional 1,346 shares during the period. Spark Investment Management LLC bought a new position in Fastly in the 2nd quarter valued at approximately $340,000. Nykredit A S bought a new position in Fastly in the 2nd quarter valued at approximately $77,000. Finally, AlphaGrep UK Ltd acquired a new stake in Fastly during the 2nd quarter worth approximately $366,000. Institutional investors own 79.71% of the company's stock.
Wall Street Analysts Forecast Growth
FSLY has been the topic of a number of research analyst reports. Canaccord Genuity Group began coverage on Fastly in a research note on Friday, July 17th. They issued a "buy" rating and a $27.00 price target on the stock. Freedom Capital raised shares of Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. KeyCorp upped their price objective on shares of Fastly from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Raymond James Financial reissued an "outperform" rating and issued a $29.00 price objective on shares of Fastly in a research report on Thursday, August 6th. Finally, Piper Sandler raised their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note 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, the stock presently has a consensus rating of "Hold" and an average price target of $25.33.
Read Our Latest Analysis on FSLY
Fastly Company Profile
(
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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