Artur Bergman Sells 20,000 Shares of Fastly (NYSE:FSLY) Stock

Key Points

• Artur Bergman, the CTO of Fastly, sold a total of 20,000 shares at an average price of $8.53 on September 29, resulting in a transaction totaling $170,600.
• Following this transaction, Bergman's total holdings in Fastly amounts to 3,441,276 shares, valued at approximately $29.35 million.
• Fastly's stock rose 1.1% to $8.65 during trading hours, with a market capitalization of $1.27 billion and a 52-week high of $12.08.

Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 20,000 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $8.53, for a total transaction of $170,600.00. Following the sale, the chief technology officer owned 3,441,276 shares in the company, valued at approximately $29,354,084.28. This trade represents a 0.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Artur Bergman also recently made the following trade(s):

• On Monday, September 22nd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.70, for a total transaction of $174,000.00.
• On Monday, September 15th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $8.56, for a total value of $171,200.00.
• On Monday, September 8th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total value of $149,000.00.
• On Tuesday, September 2nd, Artur Bergman sold 58,138 shares of Fastly stock. The stock was sold at an average price of $7.41, for a total value of $430,802.58.
• On Wednesday, August 27th, Artur Bergman sold 849 shares of Fastly stock. The stock was sold at an average price of $7.30, for a total value of $6,197.70.
• On Tuesday, August 19th, Artur Bergman sold 19,353 shares of Fastly stock. The stock was sold at an average price of $7.33, for a total value of $141,857.49.
• On Monday, August 18th, Artur Bergman sold 26,418 shares of Fastly stock. The stock was sold at an average price of $6.88, for a total value of $181,755.84.

Fastly Stock Up 1.1%

Shares of FSLY traded up $0.10 during trading hours on Wednesday, hitting $8.65. The company had a trading volume of 5,007,601 shares, compared to its average volume of 2,976,997. The firm has a fifty day moving average price of $7.53 and a 200-day moving average price of $7.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -8.40 and a beta of 1.24. Fastly, Inc. has a 52-week low of $4.65 and a 52-week high of $12.08.

Fastly (NYSE:FSLY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Fastly had a negative return on equity of 11.98% and a negative net margin of 25.85%.The company had revenue of $148.71 million during the quarter, compared to the consensus estimate of $144.86 million. During the same period last year, the company earned ($0.07) EPS. Fastly's revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Fastly

Institutional investors have recently added to or reduced their stakes in the stock. Banque Transatlantique SA bought a new stake in Fastly during the first quarter valued at about $38,000. GAMMA Investing LLC raised its stake in Fastly by 451.7% in the first quarter. GAMMA Investing LLC now owns 7,261 shares of the company's stock valued at $46,000 after buying an additional 5,945 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Fastly in the first quarter valued at about $52,000. Oxford Asset Management LLP purchased a new stake in Fastly in the second quarter valued at about $83,000. Finally, Acadian Asset Management LLC purchased a new stake in Fastly in the first quarter valued at about $78,000. Institutional investors own 79.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Fastly from $6.00 to $7.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Craig Hallum upgraded Fastly from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research note on Thursday, August 7th. Finally, KeyCorp upgraded Fastly to a "sector weight" rating in a research note on Thursday, June 5th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Fastly has a consensus rating of "Hold" and a consensus target price of $8.69.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.

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