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

Key Points

• Artur Bergman, CTO of Fastly, sold 20,000 shares of the company's stock for a total of $174,000 on September 22nd, reducing his ownership by 0.57% but still holding over 3.4 million shares valued at approximately $30.1 million.
• The stock price for Fastly has decreased by 1.0% to $8.48, with a fifty-two week range between $4.65 and $12.08.
• Fastly reported a quarterly revenue of $148.71 million, surpassing analyst expectations, and achieved an EPS of (0.03), exceeding the consensus estimate of (0.05).

Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 20,000 shares of Fastly stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $8.70, for a total value of $174,000.00. Following the transaction, the chief technology officer directly owned 3,461,276 shares in the company, valued at approximately $30,113,101.20. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 Down 1.0%

NYSE FSLY traded down $0.09 during trading on Wednesday, reaching $8.48. 2,513,118 shares of the company's stock were exchanged, compared to its average volume of 2,968,901. Fastly, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $12.08. The firm has a market capitalization of $1.25 billion, a PE ratio of -8.23 and a beta of 1.24. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. The company's fifty day simple moving average is $7.39 and its 200-day simple moving average is $6.95.

Fastly (NYSE:FSLY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $148.71 million during the quarter, compared to analyst estimates of $144.86 million. Fastly had a negative return on equity of 11.98% and a negative net margin of 25.85%.The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. Sell-side analysts predict that Fastly, Inc. will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently bought and sold shares of the business. Man Group plc increased its holdings in shares of Fastly by 104.7% in the fourth quarter. Man Group plc now owns 27,948 shares of the company's stock worth $264,000 after acquiring an additional 14,292 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Fastly by 48.3% in the fourth quarter. ProShare Advisors LLC now owns 38,198 shares of the company's stock valued at $361,000 after buying an additional 12,449 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Fastly by 190.2% in the fourth quarter. Vident Advisory LLC now owns 32,878 shares of the company's stock valued at $310,000 after buying an additional 21,549 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Fastly by 17.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,124 shares of the company's stock worth $2,484,000 after purchasing an additional 39,782 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Fastly by 451.7% during the 1st quarter. GAMMA Investing LLC now owns 7,261 shares of the company's stock worth $46,000 after purchasing an additional 5,945 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company's stock.

Fastly Company Profile

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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