Fastly (NASDAQ:FSLY) CTO Artur Bergman Sells 6,225 Shares of Stock

Key Points

• Fastly CTO Artur Bergman sold 6,225 shares at an average price of $23, generating $143,175 and reducing his stake by 0.32% to 1.91 million shares. He also reported several additional stock sales in August.
• Fastly shares fell 1.6% to $20.43 during Wednesday trading, with the stock ranging between $7.05 and $34.82 over the past year and carrying a market capitalization of approximately $3.25 billion.
• Fastly exceeded quarterly expectations with adjusted EPS of $0.15 versus a $0.07 consensus and revenue of $183.32 million. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $25.33.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 6,225 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $23.00, for a total transaction of $143,175.00. Following the transaction, the chief technology officer owned 1,913,825 shares in the company, valued at approximately $44,017,975. The trade was a 0.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction of $783,302.64.
• 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 transaction of $926,268.20.

Fastly Stock Down 1.6%

NASDAQ FSLY traded down $0.34 during trading hours on Wednesday, hitting $20.43. The company's stock had a trading volume of 3,560,297 shares, compared to its average volume of 9,424,438. Fastly, Inc. has a 52 week low of $7.05 and a 52 week high of $34.82. The company has a market capitalization of $3.25 billion, a PE ratio of -38.55 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. The company's 50-day simple moving average is $21.97 and its two-hundred day simple moving average is $22.04.

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

Wall Street Analyst Weigh In

FSLY has been the subject of a number of analyst reports. Piper Sandler increased their price target on Fastly from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $29.00 price objective on shares of Fastly in a report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group initiated coverage on shares of Fastly in a report on Friday, July 17th. They set a "buy" rating and a $27.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $25.33.

Institutional Trading of Fastly

A number of hedge funds have recently bought and sold shares of FSLY. Vanguard Group Inc. boosted its position in Fastly by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock worth $172,825,000 after purchasing an additional 310,234 shares during the last quarter. Morgan Stanley increased its position in shares of Fastly by 14.7% during the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock valued at $84,893,000 after purchasing an additional 1,071,222 shares during the last quarter. First Trust Advisors LP increased its position in shares of 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 purchasing an additional 3,524,763 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of 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 worth $48,754,000 after purchasing an additional 4,623,767 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fastly by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock worth $35,380,000 after purchasing an additional 117,213 shares during the period. 79.71% of the stock is currently owned by 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.

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