Key Points
- Fastly CTO Artur Bergman sold 40,000 shares on December 29 at an average price of $10.23 for $409,200, part of a string of similar insider sales throughout November and December.
- After the sale Bergman still directly owns 2,730,579 shares (a 1.44% reduction), valued at roughly $27.9 million.
- Fastly recently beat quarterly EPS and revenue estimates and trades around $10.14, but analysts maintain a consensus "Hold" rating with a $10.64 price target and a market cap near $1.51 billion.
Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 40,000 shares of the firm's stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $10.23, for a total transaction of $409,200.00. Following the completion of the transaction, the chief technology officer directly owned 2,730,579 shares in the company, valued at approximately $27,933,823.17. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Artur Bergman also recently made the following trade(s):
- On Monday, December 22nd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.59, for a total value of $423,600.00.
- On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total value of $420,000.00.
- On Monday, December 15th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $10.50, for a total value of $420,000.00.
- On Monday, December 8th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.66, for a total value of $426,400.00.
- On Tuesday, December 2nd, Artur Bergman sold 3,222 shares of Fastly stock. The shares were sold at an average price of $12.51, for a total value of $40,307.22.
- On Monday, December 1st, Artur Bergman sold 41,080 shares of Fastly stock. The shares were sold at an average price of $11.51, for a total value of $472,830.80.
- On Friday, November 28th, Artur Bergman sold 849 shares of Fastly stock. The stock was sold at an average price of $11.82, for a total transaction of $10,035.18.
- On Monday, November 24th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $11.43, for a total transaction of $457,200.00.
- On Tuesday, November 18th, Artur Bergman sold 62,828 shares of Fastly stock. The shares were sold at an average price of $10.48, for a total transaction of $658,437.44.
- On Monday, November 17th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $10.77, for a total transaction of $430,800.00.
Fastly Trading Down 0.7%
NYSE:FSLY opened at $10.14 on Wednesday. Fastly, Inc. has a 52 week low of $4.65 and a 52 week high of $12.59. The firm has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $8.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -10.56 and a beta of 0.97.
Fastly (NYSE:FSLY - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $158.22 million during the quarter, compared to analyst estimates of $151.04 million. Fastly had a negative return on equity of 12.02% and a negative net margin of 23.49%.Fastly's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. Fastly has set its Q4 2025 guidance at 0.040-0.080 EPS and its FY 2025 guidance at 0.030-0.070 EPS. On average, equities analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of Fastly from $9.50 to $11.50 and gave the stock a "neutral" rating in a report on Tuesday, November 11th. Citigroup lifted their price objective on shares of Fastly from $8.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 11th. Piper Sandler increased their target price on shares of Fastly from $7.50 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, November 6th. Royal Bank Of Canada lifted their price target on shares of Fastly from $7.00 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded Fastly from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.64.
Read Our Latest Research Report on FSLY
Institutional Trading of Fastly
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Fastly by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 16,666,672 shares of the company's stock valued at $142,500,000 after buying an additional 554,909 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Fastly by 3.4% in the second quarter. Legal & General Group Plc now owns 8,943,224 shares of the company's stock worth $63,139,000 after acquiring an additional 291,617 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Fastly in the third quarter valued at $61,864,000. Dimensional Fund Advisors LP grew its position in shares of Fastly by 2.9% in the third 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 in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Fastly by 115.2% during the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company's stock valued at $23,899,000 after purchasing an additional 1,811,935 shares during the period. 79.71% of the stock is currently owned by hedge funds and other institutional investors.
Fastly Company Profile
(
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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