Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 869 shares of Fastly stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $17.50, for a total transaction of $15,207.50. Following the transaction, the chief technology officer directly owned 1,841,663 shares in the company, valued at approximately $32,229,102.50. This represents a 0.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Artur Bergman also recently made the following trade(s):
- On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $17.08, for a total value of $683,200.00.
- 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 stock was sold at an average price of $17.53, for a total value of $321,465.14.
- On Tuesday, February 17th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were 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 stock was 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 transaction of $187,200.00.
- On Tuesday, January 27th, Artur Bergman sold 49,320 shares of Fastly stock. The stock was sold at an average price of $10.40, for a total transaction of $512,928.00.
Fastly Stock Up 10.7%
Fastly stock opened at $21.17 on Tuesday. The firm has a 50 day moving average price of $11.78 and a 200-day moving average price of $10.06. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $21.23. The company has a market capitalization of $3.21 billion, a P/E ratio of -22.05 and a beta of 1.03.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Citigroup boosted their target price on Fastly from $10.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, February 13th. Wall Street Zen raised Fastly from a "hold" rating to a "buy" rating in a report on Saturday, November 15th. Oppenheimer started coverage on shares of Fastly in a report on Monday, November 17th. They set a "market perform" rating on the stock. William Blair upgraded shares of Fastly from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 12th. Finally, Piper Sandler reissued a "neutral" rating and issued a $14.00 price target (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.14.
Get Our Latest Analysis on Fastly
Key Headlines Impacting Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: RBC Capital raised its price target to $20 (from $12) after management meetings, citing improving execution — the firm kept a "sector perform" rating and its upgrade helped lift sentiment. RBC price-target raise coverage
- Positive Sentiment: Unusual options activity: roughly 22,122 call options were bought on Monday (about 82% above average), indicating bullish positioning that can accelerate short-term upside. Options-flow story
- Neutral Sentiment: Analyst commentary and roundups are increasing (multiple articles summarizing analyst views), which raises visibility but does not by itself change fundamentals. Analyst roundup
- Negative Sentiment: Insider selling by CTO Artur Bergman was disclosed: a recent small sale (869 shares) and earlier indirect sales (~40,000 shares) were reported. The transactions are modest relative to his overall holdings but can be viewed negatively by some investors. Insider sale filing
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Hussman Strategic Advisors Inc. bought a new position in shares of Fastly in the second quarter valued at approximately $741,000. Los Angeles Capital Management LLC bought a new stake in Fastly during the 2nd quarter worth approximately $171,000. Knights of Columbus Asset Advisors LLC purchased a new stake in Fastly in the 3rd quarter worth approximately $1,002,000. Geode Capital Management LLC lifted its stake in Fastly by 6.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,212,253 shares of the company's stock worth $22,681,000 after purchasing an additional 189,423 shares in the last quarter. Finally, Versor Investments LP bought a new position in Fastly in the 2nd quarter valued at $217,000. Institutional investors own 79.71% of the company's stock.
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.
Further Reading
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