Artur Bergman Sells 2,500 Shares of Fastly (NASDAQ:FSLY) Stock

Key Points

• Fastly CTO Artur Bergman sold 2,500 shares at an average price of $25.14, generating $62,850. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,597,206 shares.
• Bergman has made several additional Fastly sales since mid-August, including more than 18,000 shares sold on September 3 and 8,960 shares sold on September 9.
• Fastly shares traded at $23.55, while analysts maintained a consensus “Hold” rating with an average price target of $25.33. The company recently exceeded quarterly revenue and EPS estimates but continues to report negative net margins.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 2,500 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $25.14, for a total transaction of $62,850.00. Following the sale, the chief technology officer owned 1,597,206 shares in the company, valued at $40,153,758.84. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The shares were sold at an average price of $22.72, for a total transaction of $203,571.20.
• On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total transaction of $6,753.00.
• On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The shares were sold at an average price of $20.90, for a total transaction of $387,047.10.
• On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The stock was sold at an average price of $20.66, for a total value of $363,120.16.
• On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total value of $143,175.00.
• On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The shares were sold at an average price of $24.08, for a total value of $20,492.08.
• On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was sold at an average price of $24.72, for a total value of $783,302.64.
• On Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The shares were sold at an average price of $28.60, for a total value of $926,268.20.

Fastly Price Performance

Shares of FSLY stock traded down $0.75 during mid-day trading on Wednesday, reaching $23.55. The stock had a trading volume of 3,517,133 shares, compared to its average volume of 9,236,079. The company has a market cap of $3.75 billion, a P/E ratio of -44.43 and a beta of 0.36. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. Fastly, Inc. has a 12-month low of $7.74 and a 12-month high of $34.82. The business has a 50-day simple moving average of $22.85 and a 200 day simple moving average of $22.35.

Fastly (NASDAQ:FSLY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate 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 business had revenue of $183.32 million for the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Fastly, Inc. will post -0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FSLY has been the subject of several research reports. Freedom Capital upgraded Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. KeyCorp raised their price target on Fastly from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. Evercore restated an "outperform" rating on shares of Fastly in a research report on Thursday, August 6th. Finally, Piper Sandler increased their price objective on Fastly from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $25.33.

Institutional Investors Weigh In On Fastly

Several hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Fastly during the 2nd quarter worth about $48,000. IFP Advisors Inc boosted its holdings in Fastly by 1,621.7% in the second quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock valued at $26,000 after acquiring an additional 1,346 shares during the last quarter. Spark Investment Management LLC purchased a new stake in Fastly during the second quarter valued at about $340,000. Nykredit A S purchased a new stake in Fastly during the second quarter valued at about $77,000. Finally, AlphaGrep UK Ltd purchased a new position in shares of Fastly in the 2nd quarter worth about $366,000. Institutional investors and hedge funds own 79.71% of the company's stock.

Fastly Company Profile

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly's product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.

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