Key Points
- Artur Bergman, Fastly's CTO, sold 40,000 shares on Feb. 23 at an average price of $17.08 for $683,200 and has completed multiple large insider sales in Jan–Feb (including 200,847 shares on Feb. 13), reducing his holdings to 2,185,135 shares (a 1.8% decrease).
- Fastly shares traded up about 1.9% to $18.50 with a market cap near $2.76 billion; analysts have issued several recent price-target upgrades but the consensus rating remains Hold with a $12 target.
Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 40,000 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $17.08, for a total transaction of $683,200.00. Following the transaction, the chief technology officer owned 2,185,135 shares of the company's stock, valued at $37,322,105.80. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Artur Bergman also recently made the following trade(s):
- On Thursday, February 19th, Artur Bergman sold 34,576 shares of Fastly stock. The shares were sold at an average price of $20.10, for a total value of $694,977.60.
- On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The stock was sold at an average price of $18.89, for a total value of $753,352.09.
- On Wednesday, February 18th, Artur Bergman sold 18,338 shares of Fastly stock. The shares were sold at an average price of $17.53, for a total transaction of $321,465.14.
- On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $17.53, for a total value of $701,200.00.
- On Friday, February 13th, Artur Bergman sold 200,847 shares of Fastly stock. The stock was sold at an average price of $18.42, for a total value of $3,699,601.74.
- On Friday, February 13th, Artur Bergman sold 20,128 shares of Fastly stock. The shares were sold at an average price of $18.25, for a total transaction of $367,336.00.
- On Monday, February 9th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.84, for a total transaction of $176,800.00.
- On Monday, February 2nd, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $9.36, for a total value of $187,200.00.
- On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The shares were sold at an average price of $10.40, for a total transaction of $512,928.00.
- On Monday, January 26th, Artur Bergman sold 30,680 shares of Fastly stock. The stock was sold at an average price of $9.92, for a total value of $304,345.60.
Fastly Trading Up 1.9%
FSLY traded up $0.35 during mid-day trading on Thursday, hitting $18.50. 3,770,710 shares of the stock were exchanged, compared to its average volume of 10,778,194. The company has a market cap of $2.76 billion, a PE ratio of -19.28 and a beta of 1.03. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average is $11.24 and its two-hundred day moving average is $9.78. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $20.27.
Analyst Ratings Changes
FSLY has been the subject of several recent research reports. Citigroup lifted their price objective on Fastly from $10.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, February 13th. Piper Sandler reaffirmed a "neutral" rating and set a $14.00 price objective (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. Wall Street Zen raised Fastly from a "hold" rating to a "buy" rating in a report on Saturday, November 15th. William Blair raised shares of Fastly from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 12th. Finally, KeyCorp upgraded Fastly from a "sector weight" rating to an "overweight" rating and set a $14.00 target price on the stock in a research report on Monday, December 15th. Three 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.
View Our Latest Analysis on FSLY
Hedge Funds Weigh In On Fastly
Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC increased its position in Fastly by 8.4% during the 4th quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company's stock worth $122,000 after purchasing an additional 930 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Fastly by 3.2% in the third quarter. Arizona State Retirement System now owns 40,705 shares of the company's stock worth $348,000 after buying an additional 1,253 shares during the period. Parallax Volatility Advisers L.P. raised its holdings in shares of Fastly by 13.8% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company's stock valued at $103,000 after buying an additional 1,465 shares during the period. ProShare Advisors LLC lifted its position in Fastly by 10.1% during the 4th quarter. ProShare Advisors LLC now owns 26,553 shares of the company's stock worth $270,000 after acquiring an additional 2,435 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its position in Fastly by 3.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 79,221 shares of the company's stock valued at $806,000 after acquiring an additional 2,860 shares in the last quarter. 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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