Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 31,687 Shares

Key Points

• Fastly CTO Artur Bergman sold 31,687 shares at an average price of $24.72, generating proceeds of approximately $783,303. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 1.58% to 1.97 million shares.
• Fastly reported quarterly adjusted earnings of $0.15 per share, beating estimates of $0.07, while revenue of $183.32 million also exceeded expectations. Despite the earnings beat, the company continues to report negative net margins and return on equity.
• FSLY shares traded at $22.71, with analysts assigning a consensus “Hold” rating and an average price target of $25.33. Institutional investors own approximately 79.71% of the company.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 31,687 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $24.72, for a total value of $783,302.64. Following the completion of the transaction, the chief technology officer owned 1,973,504 shares of the company's stock, valued at $48,785,018.88. This trade represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total value of $926,268.20.
• On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The stock was sold at an average price of $20.96, for a total transaction of $165,353.44.
• On Friday, May 29th, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $16.96, for a total transaction of $105,576.00.
• On Thursday, May 28th, Artur Bergman sold 1,077 shares of Fastly stock. The shares were sold at an average price of $17.02, for a total transaction of $18,330.54.
• On Wednesday, May 27th, Artur Bergman sold 852 shares of Fastly stock. The stock was sold at an average price of $17.50, for a total transaction of $14,910.00.

Fastly Stock Performance

FSLY stock traded down $0.95 during mid-day trading on Thursday, hitting $22.71. The company had a trading volume of 5,761,319 shares, compared to its average volume of 9,739,349. The firm has a market cap of $3.62 billion, a PE ratio of -42.85 and a beta of 0.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly, Inc. has a 12 month low of $7.01 and a 12 month high of $34.82. The stock's fifty day moving average price is $21.01 and its two-hundred day moving average price is $21.14.

Fastly (NASDAQ:FSLY - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The firm had revenue of $183.32 million for the quarter, compared to analysts' expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup increased their price objective on Fastly from $13.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Raymond James Financial restated an "outperform" rating and issued a $29.00 target price on shares of Fastly in a research note on Thursday, August 6th. Freedom Capital raised Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. Piper Sandler increased their price target on Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group initiated coverage on Fastly in a report on Friday, July 17th. They issued a "buy" rating and a $27.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $25.33.

Institutional Trading of Fastly

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Fastly by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock worth $172,825,000 after buying an additional 310,234 shares during the period. Morgan Stanley grew its stake in Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock valued at $84,893,000 after buying an additional 1,071,222 shares in the last quarter. First Trust Advisors LP raised its holdings in Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock valued at $204,349,000 after acquiring an additional 3,524,763 shares during the period. Alyeska Investment Group L.P. raised its holdings in Fastly by 2,795.2% during 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 acquiring an additional 4,623,767 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fastly by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock worth $35,380,000 after acquiring an additional 117,213 shares in the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source