Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 31,079 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $20.69, for a total value of $643,024.51. Following the sale, the chief technology officer directly owned 2,118,710 shares in the company, valued at approximately $43,836,109.90. This represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Artur Bergman also recently made the following trade(s):
- On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The stock was sold at an average price of $21.06, for a total transaction of $516,643.92.
- On Friday, February 27th, Artur Bergman sold 869 shares of Fastly stock. The stock was 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 stock was sold at an average price of $17.53, for a total transaction 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 stock was 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 stock was sold at an average price of $8.84, for a total value of $176,800.00.
Fastly Trading Up 8.4%
NYSE:FSLY opened at $21.83 on Tuesday. Fastly, Inc. has a 12-month low of $4.65 and a 12-month high of $21.85. The firm has a market capitalization of $3.31 billion, a P/E ratio of -22.74 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50 day simple moving average of $12.82 and a 200 day simple moving average of $10.54.
Institutional Investors Weigh In On Fastly
Institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC increased its stake in Fastly by 8.4% during the 4th quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company's stock valued at $122,000 after buying an additional 930 shares during the period. Arizona State Retirement System lifted its stake in shares of Fastly by 3.2% in the 3rd quarter. Arizona State Retirement System now owns 40,705 shares of the company's stock worth $348,000 after acquiring an additional 1,253 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in shares of Fastly by 13.8% in the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company's stock valued at $103,000 after acquiring an additional 1,465 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Fastly by 10.1% during the fourth quarter. ProShare Advisors LLC now owns 26,553 shares of the company's stock valued at $270,000 after acquiring an additional 2,435 shares during the period. Finally, 180 Wealth Advisors LLC increased its stake in shares of Fastly by 3.7% during 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 during the period. Institutional investors and hedge funds own 79.71% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on FSLY. Royal Bank Of Canada upped their price target on shares of Fastly from $12.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Monday, March 2nd. DA Davidson set a $13.00 target price on shares of Fastly in a research report on Thursday, February 12th. Piper Sandler restated a "neutral" rating and issued a $14.00 target price (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. Oppenheimer started coverage on Fastly in a report on Monday, November 17th. They set a "market perform" rating on the stock. Finally, William Blair upgraded Fastly from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 12th. Three 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.14.
View Our Latest Stock Report on Fastly
About Fastly
(
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.
Read More
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].
