Artur Bergman Sells 275,234 Shares of Fastly (NYSE:FSLY) Stock

Key Points

• CTO Artur Bergman sold 275,234 Fastly shares on March 2 at an average of $20.56 for about $5.66M, and his recent insider sales reduced his stake by 12.6% to 1,909,901 shares.
• Fastly shares have rallied sharply (roughly +145% over the past month), trading near $22.74 on heavy volume, but Wall Street sentiment remains mixed—consensus rating is a Hold with a $13.14 average target despite a few recent upgrades and higher price targets.

Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 275,234 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $20.56, for a total transaction 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. The trade was a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 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 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 shares were sold at an average price of $17.08, for a total value 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 value 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.

Fastly Stock Performance

Shares of NYSE FSLY traded up $0.91 during trading hours on Tuesday, reaching $22.74. The stock had a trading volume of 14,572,194 shares, compared to its average volume of 11,339,008. 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's fifty day moving average is $13.07 and its two-hundred day moving average is $10.65. Fastly, Inc. has a twelve month low of $4.65 and a twelve month high of $23.12. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -23.69 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC bought a new position in shares of Fastly during the third quarter valued at $61,864,000. Alyeska Investment Group L.P. grew its stake in shares of 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 valued at $48,754,000 after buying an additional 4,623,767 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Fastly in the third quarter valued at approximately $21,174,000. Marshall Wace LLP increased its stake in Fastly by 115.2% during the 2nd quarter. Marshall Wace LLP now owns 3,385,167 shares of the company's stock valued at $23,899,000 after purchasing an additional 1,811,935 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of 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 acquiring an additional 1,296,119 shares during the last quarter. Institutional investors own 79.71% of the company's stock.

Key Headlines 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.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FSLY shares. William Blair upgraded Fastly from a "market perform" rating to an "outperform" rating in a report on Thursday, February 12th. Piper Sandler reissued a "neutral" rating and issued a $14.00 price target (up from $11.00) on shares of Fastly in a research note on Thursday, February 12th. KeyCorp upgraded shares of Fastly from a "sector weight" rating to an "overweight" rating and set a $14.00 target price for the company in a report on Monday, December 15th. Citigroup raised their price target on Fastly from $10.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, February 13th. Finally, Oppenheimer initiated coverage on shares of Fastly in a research note on Monday, November 17th. They set a "market perform" rating on the stock. Three equities research analysts have rated the stock with a Buy rating, six have assigned 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.

About Fastly

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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