Key Points
- Fastly CEO Charles Lacey Compton III sold 73,206 shares on March 4 at an average price of $20.94 for about $1.53M, cutting his stake by 7.71% to 875,831 shares after several other insider sales earlier this year.
- Shares trade near $21.12 (1‑year high $21.75) with a market cap of ~$3.21B and 50/200‑day SMAs of $12.39/$10.30; Wall Street’s consensus is a "Hold" with a $13.14 average target amid mixed analyst upgrades and price‑target increases.
- Institutional ownership is high (~79.7%), with notable recent position changes such as Alyeska’s large accumulation, signaling significant institutional involvement despite insider selling.
Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 24,532 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $21.06, for a total value of $516,643.92. Following the transaction, the chief technology officer directly owned 2,149,789 shares of the company's stock, valued at approximately $45,274,556.34. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Artur Bergman also recently made the following trade(s):
- On Friday, February 27th, Artur Bergman sold 869 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total transaction of $15,207.50.
- On Monday, February 23rd, Artur Bergman sold 40,000 shares of Fastly stock. The stock was sold at an average price of $17.08, for a total transaction 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 transaction of $694,977.60.
- On Thursday, February 19th, Artur Bergman sold 39,881 shares of Fastly stock. The shares were sold at an average price of $18.89, for a total transaction 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 transaction 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 shares were 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 value 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 value 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.
Fastly Stock Up 3.8%
Shares of NYSE FSLY traded up $0.78 during trading hours on Friday, hitting $21.22. The company had a trading volume of 6,201,658 shares, compared to its average volume of 11,108,486. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $21.75. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $12.39 and its 200-day moving average is $10.30. The stock has a market capitalization of $3.22 billion, a P/E ratio of -22.10 and a beta of 0.88.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of FSLY. Caitong International Asset Management Co. Ltd acquired a new position in Fastly during the 4th quarter worth approximately $41,000. Align Financial LLC bought a new stake in shares of Fastly in the fourth quarter worth $41,000. Byrne Asset Management LLC bought a new position in Fastly during the 3rd quarter worth $43,000. C M Bidwell & Associates Ltd. bought a new position in Fastly during the 4th quarter worth $54,000. Finally, Quarry LP acquired a new position in Fastly during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 79.71% of the company's stock.
Analyst Ratings Changes
FSLY has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Fastly from $12.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday. DA Davidson set a $13.00 price target on Fastly in a research report on Thursday, February 12th. KeyCorp upgraded Fastly from a "sector weight" rating to an "overweight" rating and set a $14.00 price objective on the stock in a research note on Monday, December 15th. Oppenheimer initiated coverage on Fastly in a research note on Monday, November 17th. They set a "market perform" rating for the company. Finally, William Blair raised Fastly from a "market perform" rating to an "outperform" rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $13.14.
Check Out Our Latest Research Report on FSLY
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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