Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells $387,047.10 in Stock

Key Points

• Fastly CTO Artur Bergman sold 18,519 shares for approximately $387,000 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 1.12% to 1.64 million shares.
• Fastly shares rose 4.4% to $21.49, while the company’s latest quarterly results exceeded expectations, with earnings of $0.15 per share versus the $0.07 consensus and revenue of $183.32 million.
• Analyst sentiment remains mixed, with an average “Hold” rating and a $25.33 price target; institutional investors own approximately 79.7% of Fastly’s outstanding shares.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 18,519 shares of the business's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $20.90, for a total transaction of $387,047.10. Following the sale, the chief technology officer directly owned 1,640,045 shares of the company's stock, valued at $34,276,940.50. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 shares were 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 shares were 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 stock was sold at an average price of $28.60, for a total value of $926,268.20.

Fastly Trading Up 4.4%

Shares of Fastly stock traded up $0.90 during trading hours on Tuesday, reaching $21.49. The stock had a trading volume of 5,745,345 shares, compared to its average volume of 9,328,577. The firm has a 50 day simple moving average of $22.27 and a two-hundred day simple moving average of $22.13. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -40.55 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. Fastly, Inc. has a 1 year low of $7.28 and a 1 year high of $34.82.

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

Institutional Trading of Fastly

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock valued at $40,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Fastly in the 4th quarter valued at about $41,000. Align Financial LLC acquired a new stake in shares of Fastly during the fourth quarter valued at about $41,000. Sound Income Strategies LLC purchased a new stake in shares of Fastly during the first quarter worth about $44,000. Finally, Quarry LP acquired a new position in shares of Fastly in the third quarter worth about $49,000. Hedge funds and other institutional investors own 79.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. KeyCorp raised their target price on shares of Fastly from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Piper Sandler upped their price target 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 reiterated an "outperform" rating on shares of Fastly in a report on Thursday, August 6th. Canaccord Genuity Group initiated coverage on Fastly in a research report on Friday, July 17th. They issued a "buy" rating and a $27.00 price objective on the stock. Finally, Freedom Capital upgraded Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $25.33.

Fastly Company Profile

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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