Key Points
- Fastly CTO Artur Bergman sold 33,078 shares for approximately $818,681 at an average price of $24.75 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 2.91% to 1.11 million shares.
- Bergman has made multiple additional sales recently, including 379,602 shares sold for about $11.45 million on September 23, indicating substantial insider selling during September.
- Fastly recently exceeded quarterly earnings and revenue expectations, while analysts maintain a consensus “Hold” rating with a $26.73 price target; institutional investors own approximately 79.71% of the stock.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 3,961 shares of the firm's stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $25.26, for a total value of $100,054.86. Following the completion of the transaction, the chief technology officer owned 1,101,319 shares in the company, valued at $27,819,317.94. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was 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 shares were 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 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 stock was sold at an average price of $20.90, for a total value of $387,047.10.
Fastly Price Performance
FSLY stock opened at $25.67 on Thursday. 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 has a 50 day simple moving average of $24.05 and a 200-day simple moving average of $22.71. The firm has a market capitalization of $4.09 billion, a PE ratio of -48.43 and a beta of 0.36. Fastly, Inc. has a 1 year low of $7.74 and a 1 year high of $34.82.
Fastly (NASDAQ:FSLY - Get Free Report) last announced 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 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. Equities research analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Freedom Capital upgraded Fastly to a "strong-buy" rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $25.00 price objective on shares of Fastly in a report on Wednesday, September 23rd. KeyCorp restated an "overweight" rating and set a $30.00 price objective on shares of Fastly in a research report on Friday, September 18th. Freedom Broker lifted their target price on shares of Fastly from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, September 23rd. Finally, Canaccord Genuity Group started coverage on shares of Fastly in a report on Friday, July 17th. They issued a "buy" rating and a $27.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Fastly currently has a consensus rating of "Hold" and an average target price of $26.73.
View Our Latest Research Report on Fastly
Institutional Investors Weigh In On Fastly
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSLY. PNC Financial Services Group Inc. lifted its stake in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock valued at $40,000 after purchasing an additional 633 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock worth $26,000 after purchasing an additional 1,346 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Fastly during the 1st quarter worth about $44,000. EverSource Wealth Advisors LLC increased its position in shares of Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company's stock worth $64,000 after purchasing an additional 627 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Fastly in the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 79.71% of the company's stock.
Fastly Company Profile
(
Get Free Report)
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.
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