Key Points
- Fastly CTO Artur Bergman sold 275,234 shares on March 2 at an average of $20.56 (≈$5.66M), reducing his stake by 12.6% to about 1.91M shares — part of a series of large insider sales in recent weeks.
- Despite the insider selling, FSLY has rallied sharply (~145% over the past month) after February earnings; RBC raised its price target to $20, though the consensus analyst target is roughly $13.14 and ratings remain mixed.
Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 275,234 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $20.56, for a total value of $5,658,811.04. Following the completion of the transaction, the chief technology officer directly owned 1,909,901 shares of the company's stock, valued at approximately $39,267,564.56. This trade represents a 12.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Artur Bergman also recently made the following trade(s):
- On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $20.69, for a total transaction of $643,024.51.
- On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were 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 shares were sold at an average price of $17.50, for a total value 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 value 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 transaction 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 transaction 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.
Fastly Price Performance
FSLY stock opened at $22.74 on Wednesday. The company has a market capitalization of $3.45 billion, a P/E ratio of -23.69 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $23.12. The business has a 50-day simple moving average of $13.07 and a two-hundred day simple moving average of $10.65.
Key Stories Impacting Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: RBC Capital raised Fastly’s price target to $20 (from $12) while keeping a "Sector Perform" rating, citing improved execution and potential for multiple expansion after meetings with management. This analyst action supports the recent buying interest. Read More.
- Positive Sentiment: Momentum from the company’s February earnings has driven a sharp rally — Benzinga reports FSLY is up roughly 145% over the past month as traders chase the stronger results and hopeful outlook. This explains elevated volume and bullish positioning. Read More.
- Neutral Sentiment: Institutions still hold a large share (~79.7%) and some funds modestly increased stakes in recent quarters; that can stabilize trading but also concentrate supply/demand. Read More.
- Negative Sentiment: Significant insider selling from top executives: CTO Artur Bergman sold 31,079 shares (avg. $20.69, ~$643k) and CEO Charles Lacey Compton III sold 36,694 shares (avg. $20.69, ~$759k) in transactions filed with the SEC. Repeated sizable insider sales can act as a psychological cap on the stock and prompt short-term profit‑taking. Read More. Read More.
Hedge Funds Weigh In On Fastly
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in Fastly during the 3rd quarter valued at $61,864,000. Alyeska Investment Group L.P. lifted its stake in Fastly by 2,795.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock worth $48,754,000 after purchasing an additional 4,623,767 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of Fastly during the 3rd quarter worth $21,174,000. Marshall Wace LLP grew its stake in shares of Fastly by 115.2% during the second quarter. Marshall Wace LLP now owns 3,385,167 shares of the company's stock valued at $23,899,000 after buying an additional 1,811,935 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Fastly by 3,941.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company's stock worth $9,383,000 after purchasing an additional 1,296,119 shares during the period. Institutional investors own 79.71% of the company's stock.
Analysts Set New Price Targets
FSLY has been the subject of several recent research reports. DA Davidson set a $13.00 price target on Fastly in a report on Thursday, February 12th. Wall Street Zen upgraded Fastly from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Royal Bank Of Canada lifted their price objective on shares of Fastly from $12.00 to $20.00 and gave the stock a "sector perform" rating in a report on Monday, March 2nd. Piper Sandler reiterated a "neutral" rating and issued a $14.00 target price (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Finally, KeyCorp raised shares of Fastly from a "sector weight" rating to an "overweight" rating and set a $14.00 price target on the stock in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $13.14.
Get Our Latest 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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