Fastly (NASDAQ:FSLY) Stock: Insider Artur Bergman Sells 3,002 Shares

Key Points

• Fastly CTO Artur Bergman sold 3,002 shares at an average price of $30.07, generating $90,270.14. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving him with 1,098,317 shares.
• Bergman has made several additional sales recently, including 379,602 shares sold for approximately $11.45 million on September 23, indicating substantial recent insider selling.
• Fastly shares traded at $25.00, while analysts held a consensus “Hold” rating with an average price target of $27.42. The company recently exceeded quarterly EPS and revenue expectations but continued to report negative net margins.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 3,002 shares of Fastly stock in a transaction on Friday, October 9th. The stock was sold at an average price of $30.07, for a total transaction of $90,270.14. Following the sale, the chief technology officer owned 1,098,317 shares in the company, valued at $33,026,392.19. This represents a 0.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Monday, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The shares were sold at an average price of $26.81, for a total transaction of $993,015.59.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $62,850.00.
• On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The stock was sold at an average price of $22.72, for a total transaction of $203,571.20.

Fastly Price Performance

FSLY traded down $2.09 during midday trading on Wednesday, reaching $25.00. 6,069,955 shares of the company's stock were exchanged, compared to its average volume of 9,145,119. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $24.92 and a two-hundred day simple moving average of $22.71. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of -47.17 and a beta of 0.31. Fastly, Inc. has a one year low of $7.74 and a one year high of $34.82.

Fastly (NASDAQ:FSLY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to analysts' expectations 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 predict that Fastly, Inc. will post -0.29 EPS for the current year.

Institutional Investors Weigh In On Fastly

A number of large investors have recently bought and sold shares of the business. Perpetual Ltd acquired a new stake in shares of Fastly in the third quarter valued at $240,000. GK Wealth Management LLC acquired a new position in Fastly during the 3rd quarter worth about $70,000. GAMMA Investing LLC lifted its position in Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company's stock worth $39,000 after buying an additional 419 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Fastly during the 3rd quarter worth about $108,000. Finally, Cim Investment Management Inc. grew its holdings in Fastly by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 10,816 shares of the company's stock worth $199,000 after acquiring an additional 747 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FSLY shares. Freedom Broker boosted their target price on shares of Fastly from $32.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, September 23rd. DA Davidson increased their target price on shares of Fastly from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 23rd. Royal Bank Of Canada reissued a "sector perform" rating and set a $25.00 price target on shares of Fastly in a report on Wednesday, September 23rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Fastly in a report on Friday, August 7th. Finally, Bank of America boosted their price target on shares of Fastly from $20.00 to $22.00 and gave the company an "underperform" rating in a research report on Wednesday, September 23rd. One investment 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $27.42.

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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