Key Points
- Fastly CTO Artur Bergman sold 6,225 shares on May 29 at an average price of $16.96, for proceeds of $105,576. After the sale, he still owned about 2.05 million shares valued at roughly $34.7 million.
- Bergman has made several recent sales of Fastly stock, including large transactions in March and multiple sales in May, indicating a steady reduction in his holdings over time.
- Fastly shares were up 8.9% and analysts remain mixed but generally constructive, with a consensus rating of “Hold” and an average price target of $22.63. Recent reports also highlight stronger security growth and AI-related optimism as potential drivers.
Fastly, Inc. (NYSE:FSLY - Get Free Report) Director Christopher Paisley sold 1,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.96, for a total value of $16,960.00. Following the transaction, the director owned 5,227 shares of the company's stock, valued at approximately $88,649.92. This trade represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fastly Stock Performance
Fastly stock opened at $20.77 on Wednesday. The stock has a market cap of $3.25 billion, a P/E ratio of -21.64 and a beta of 0.49. 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 stock has a 50 day moving average of $23.99 and a 200-day moving average of $16.95. Fastly, Inc. has a 52 week low of $6.29 and a 52 week high of $34.82.
Hedge Funds Weigh In On Fastly
Several large investors have recently added to or reduced their stakes in FSLY. PNC Financial Services Group Inc. lifted its stake in Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock worth $40,000 after purchasing an additional 633 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Fastly during the fourth quarter worth $41,000. Align Financial LLC bought a new position in Fastly during the fourth quarter worth $41,000. Sound Income Strategies LLC bought a new position in Fastly during the first quarter worth $44,000. Finally, Quarry LP bought a new position in Fastly during the third quarter worth $49,000. 79.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Craig Hallum cut Fastly from a "buy" rating to a "hold" rating and set a $24.00 target price for the company. in a research note on Tuesday, April 14th. KeyCorp increased their target price on Fastly from $14.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. Royal Bank Of Canada reduced their price objective on Fastly to $18.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 7th. DA Davidson set a $13.00 price objective on Fastly in a research note on Thursday, February 12th. Finally, Raymond James Financial upgraded Fastly from a "market perform" rating to an "outperform" rating and set a $23.00 price objective on the stock in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.63.
Check Out Our Latest Analysis on Fastly
Key Stories Impacting Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Fastly’s recent commentary has highlighted stronger security growth, a raised 2026 revenue outlook, and new AI-focused developer tools, which are helping the market view the company as a beneficiary of edge-computing and AI infrastructure spending. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
- Positive Sentiment: Multiple Wall Street firms have recently set price targets above the current trading range, including KeyBanc and Piper Sandler at $27, which suggests analysts still see upside in the name. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
- Positive Sentiment: Fastly’s large share-price run over the past year has kept momentum investors engaged, and a recent conference presentation likely helped keep attention on the story. Fastly, Inc. (FSLY) Presents at 46th Annual William Blair Growth Stock Conference Transcript
- Neutral Sentiment: A new article questioned whether Fastly is still attractive after its sharp one-year rally, reflecting a valuation debate rather than a clear operating update. Is It Too Late To Reassess Fastly (FSLY) After Its 169% One Year Surge?
- Negative Sentiment: Recent insider sales by the CEO, CTO, president, and a director may create some caution, even though some of the trades were pre-planned. MarketBeat FSLY insider trading coverage
- Negative Sentiment: Older coverage also noted that Fastly’s record first-quarter results did not fully ease growth concerns, reminding investors that the company still faces skepticism about the durability of its expansion. Stock Market Today, May 7: Fastly Shares Plunge After Record Q1 Results Fail to Ease Growth Concerns
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.
Further Reading
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