Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 3,961 Shares of Stock

Key Points

• Fastly CTO Artur Bergman sold 3,961 shares at an average price of $25.26, generating approximately $100,055. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1.10 million shares.
• Bergman has made several additional sales in September, including 379,602 shares sold for approximately $11.45 million on September 23, indicating a broader pattern of insider selling.
• Fastly recently exceeded quarterly earnings and revenue estimates, while analysts maintain a consensus “Hold” rating with an average price target of $26.73; the stock was trading near $25.67.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 3,961 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $25.26, for a total value of $100,054.86. Following the sale, the chief technology officer owned 1,101,319 shares of the company's stock, valued at approximately $27,819,317.94. This represents a 0.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was sold at an average price of $24.75, for a total value of $818,680.50.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The stock was sold at an average price of $30.16, for a total value of $11,448,796.32.
• On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The shares were sold at an average price of $27.82, for a total value of $776,178.00.
• On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The shares were sold at an average price of $27.38, for a total value of $1,345,617.48.
• On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The shares were sold at an average price of $25.30, for a total value of $55,660.00.
• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $24.53, for a total value of $762,367.87.
• On Tuesday, September 15th, Artur Bergman sold 2,500 shares of Fastly stock. The stock was sold at an average price of $25.14, for a total value of $62,850.00.
• 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 shares were 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.

Fastly Stock Performance

FSLY stock traded up $0.19 during trading on Wednesday, reaching $25.67. The company had a trading volume of 6,194,339 shares, compared to its average volume of 9,340,493. The firm has a 50-day simple moving average of $23.94 and a 200-day simple moving average of $22.69. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -48.43 and a beta of 0.36. 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 twelve month low of $7.74 and a twelve month high of $34.82.

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, 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 company had revenue of $183.32 million for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FSLY shares. KeyCorp reissued an "overweight" rating and issued a $30.00 target price on shares of Fastly in a research report on Friday, September 18th. Bank of America lifted their price target on Fastly from $20.00 to $22.00 and gave the stock an "underperform" rating in a research report on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $25.00 price target on shares of Fastly in a research report on Wednesday, September 23rd. Freedom Capital upgraded Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Evercore reissued an "outperform" rating on shares of Fastly in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.73.

Institutional Trading of Fastly

A number of hedge funds and other institutional investors have recently made changes to their positions in FSLY. First Trust Advisors LP raised its holdings in shares of Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company's stock worth $204,349,000 after purchasing an additional 3,524,763 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fastly by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company's stock valued at $79,620,000 after purchasing an additional 11,022 shares during the last quarter. Bank of America Corp DE boosted its holdings in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company's stock valued at $36,888,000 after purchasing an additional 692,459 shares during the last quarter. SG Americas Securities LLC grew its position in Fastly by 90.7% during the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company's stock worth $19,918,000 after purchasing an additional 326,087 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Fastly during the 2nd quarter worth about $8,696,000. Institutional investors and hedge funds own 79.71% of the company's stock.

About Fastly

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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