Fastly (NASDAQ:FSLY) CTO Sells $993,015.59 in Stock

Key Points

• Fastly CTO Artur Bergman sold 37,039 shares for approximately $993,016 at an average price of $26.81 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 3.37% to 1,061,278 shares.
• Fastly shares fell $2.09 to $25.00, while the company reported quarterly EPS of $0.15, exceeding the $0.07 consensus estimate, and revenue of $183.32 million versus expectations of $173.94 million.
• Analyst sentiment remains mixed: Oppenheimer upgraded Fastly to “outperform,” but the overall MarketBeat consensus rating is “Hold,” with an average price target of $27.42.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 37,039 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $26.81, for a total value of $993,015.59. Following the completion of the sale, the chief technology officer directly owned 1,061,278 shares of the company's stock, valued at approximately $28,452,863.18. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The shares were sold at an average price of $25.26, for a total value of $100,054.86.
• 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 shares were sold at an average price of $30.16, for a total transaction of $11,448,796.32.
• On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The stock was sold at an average price of $27.82, for a total transaction of $776,178.00.
• On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The stock was sold at an average price of $27.38, for a total transaction of $1,345,617.48.
• On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The stock was sold at an average price of $25.30, for a total transaction of $55,660.00.
• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $24.53, for a total transaction of $762,367.87.
• On Tuesday, September 15th, Artur Bergman sold 2,500 shares of Fastly stock. The shares were sold at an average price of $25.14, for a total transaction 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 stock was sold at an average price of $22.51, for a total transaction of $6,753.00.

Fastly Stock Performance

Shares of Fastly stock traded down $2.09 on Wednesday, reaching $25.00. 6,059,849 shares of the company were exchanged, compared to its average volume of 9,144,817. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The company's 50-day moving average is $24.92 and its two-hundred day moving average is $22.71. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -47.17 and a beta of 0.31. Fastly, Inc. has a 1-year low of $7.74 and a 1-year high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to the consensus estimate 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. As a group, research analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FSLY has been the topic of several recent research reports. Oppenheimer upgraded shares of Fastly from a "market perform" rating to an "outperform" rating and set a $35.00 price objective on the stock in a research report on Friday, October 9th. Raymond James Financial reissued an "outperform" rating on shares of Fastly in a research note on Wednesday, September 23rd. Piper Sandler upped their target price on shares of Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Evercore restated an "outperform" rating on shares of Fastly in a research note on Wednesday, September 23rd. Finally, Bank of America raised their price target on shares of Fastly from $20.00 to $22.00 and gave the company an "underperform" rating in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $27.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Perpetual Ltd acquired a new position in shares of Fastly during the third quarter valued at $240,000. GK Wealth Management LLC bought a new stake in shares of Fastly during the third quarter valued at about $70,000. GAMMA Investing LLC raised its stake in shares of Fastly by 38.4% during the third quarter. GAMMA Investing LLC now owns 1,510 shares of the company's stock valued at $39,000 after purchasing an additional 419 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Fastly in the third quarter worth about $108,000. Finally, Cim Investment Management Inc. lifted its holdings in Fastly by 7.4% in the second quarter. Cim Investment Management Inc. now owns 10,816 shares of the company's stock worth $199,000 after purchasing an additional 747 shares during the period. Institutional investors and hedge funds own 79.71% of the company's stock.

Fastly Company Profile

Fastly, Inc NASDAQ: FSLY is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly's products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.

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