Key Points
- Fastly CTO Artur Bergman sold 37,039 shares at an average price of $26.81, generating approximately $993,016. The sale was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 3.37% to 1.06 million shares.
- Bergman has made several additional sales in recent weeks, including a sale of 379,602 shares worth approximately $11.45 million on September 23.
- Fastly shares opened at $25.00, while analysts maintained a mixed outlook: the stock has an average “Hold” rating and an average price target of $27.42. The company’s latest quarterly results exceeded expectations, with $0.15 in adjusted EPS versus consensus of $0.07.
Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 3,002 shares of Fastly stock in a transaction on Friday, October 9th. The shares were sold at an average price of $30.07, for a total transaction of $90,270.14. Following the completion of the sale, the chief technology officer owned 1,098,317 shares in the company, valued at approximately $33,026,392.19. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The stock was sold at an average price of $26.81, for a total transaction of $993,015.59.
- On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The shares were 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 value of $818,680.50.
- On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The stock was sold at an average price of $30.16, for a total value 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 value 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 value of $1,345,617.48.
- On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The shares were sold at an average price of $25.30, for a total value 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 value 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 value 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 value of $203,571.20.
Fastly Trading Down 7.7%
NASDAQ:FSLY opened at $25.00 on Thursday. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 1 year low of $7.74 and a 1 year high of $34.82. The stock's 50 day simple moving average is $24.90 and its two-hundred day simple moving average is $22.68.
Fastly (NASDAQ:FSLY - Get Free Report) last issued 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. The business had revenue of $183.32 million for the quarter, compared to analysts' expectations 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. As a group, analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on FSLY shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Fastly in a research note on Wednesday, September 23rd. Evercore reiterated an "outperform" rating on shares of Fastly in a research report on Wednesday, September 23rd. Canaccord Genuity Group started coverage on shares of Fastly in a research note on Friday, July 17th. They issued a "buy" rating and a $27.00 price objective for the company. Freedom Capital raised shares of Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Freedom Broker boosted their target price on shares of Fastly from $32.00 to $37.00 and gave the stock a "buy" rating 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 given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.42.
View Our Latest Stock Report on FSLY
Institutional Investors Weigh In On Fastly
Several institutional investors have recently made changes to their positions in FSLY. IFP Advisors Inc boosted its stake 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. GAMMA Investing LLC raised its position in Fastly by 38.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company's stock worth $39,000 after purchasing an additional 419 shares during the period. PNC Financial Services Group Inc. raised its position in Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock worth $40,000 after purchasing an additional 633 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Fastly in the 4th quarter worth about $41,000. Finally, Sound Income Strategies LLC bought a new stake in Fastly in the first quarter worth about $44,000. 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
