Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells 851 Shares of Stock

Key Points

• Fastly CTO Artur Bergman sold 851 shares at an average price of $24.08, worth approximately $20,492. Following the transaction, he retained 1.92 million shares, and has made several additional sales recently.
• Fastly shares recently traded at $22.79, with a market capitalization of about $3.63 billion. The stock remains well below its 52-week high of $34.82 but above its 52-week low of $7.05.
• Fastly exceeded quarterly expectations, reporting $0.15 in earnings per share versus the $0.07 consensus estimate and revenue of $183.32 million versus $173.94 million expected. Analysts maintain an average “Hold” rating with a $25.33 price target.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 851 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $24.08, for a total value of $20,492.08. Following the sale, the chief technology officer owned 1,920,050 shares in the company, valued at $46,234,804. The trade was a 0.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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.
• On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The shares were sold at an average price of $20.96, for a total value of $165,353.44.

Fastly Stock Performance

Shares of FSLY stock traded down $0.25 on Monday, hitting $22.79. 3,996,649 shares of the stock traded hands, compared to its average volume of 9,491,933. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The company has a market capitalization of $3.63 billion, a PE ratio of -43.00 and a beta of 0.34. Fastly, Inc. has a 1-year low of $7.05 and a 1-year high of $34.82. The company's fifty day moving average is $21.77 and its 200 day moving average is $21.87.

Fastly (NASDAQ:FSLY - Get Free Report) last released 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. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The firm had revenue of $183.32 million during 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. On average, equities research analysts predict that Fastly, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FSLY has been the topic of several research reports. Piper Sandler increased their price objective on shares of Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Citigroup lifted their target price on Fastly from $13.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. KeyCorp upped their target price on Fastly from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Freedom Capital upgraded Fastly to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, Evercore reissued an "outperform" rating on shares of Fastly in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Fastly currently has an average rating of "Hold" and an average target price of $25.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company's stock worth $64,000 after purchasing an additional 627 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Fastly by 84.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock worth $40,000 after buying an additional 633 shares in the last quarter. Kestra Advisory Services LLC grew its position in Fastly by 8.4% in the fourth quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company's stock worth $122,000 after buying an additional 930 shares during the last quarter. Parallax Volatility Advisers L.P. grew its position in Fastly by 13.8% in the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company's stock worth $103,000 after buying an additional 1,465 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of Fastly in the first quarter valued at $44,000. Institutional investors and hedge funds own 79.71% of the company's stock.

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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