Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells $926,268.20 in Stock

Key Points

• Fastly CTO Artur Bergman sold 32,387 shares for approximately $926,268 at an average price of $28.60 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 1.59% to 2,005,191 shares.
• Fastly reported quarterly EPS of $0.15, beating estimates of $0.07, while revenue of $183.32 million exceeded the $173.94 million consensus estimate. Despite the results, the company remains unprofitable, with a negative net margin of 11.80%.
• Shares recently traded at $22.71, and analysts’ consensus rating is “Hold” with an average price target of $25.33; institutional investors and hedge funds own 79.71% of the stock.

Fastly, Inc. (NASDAQ:FSLY - Get Free Report) CTO Artur Bergman sold 32,387 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $28.60, for a total transaction of $926,268.20. Following the completion of the transaction, the chief technology officer owned 2,005,191 shares of the company's stock, valued at approximately $57,348,462.60. This represents a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, 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 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 transaction of $783,302.64.
• 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.
• On Friday, May 29th, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $16.96, for a total value of $105,576.00.
• On Thursday, May 28th, Artur Bergman sold 1,077 shares of Fastly stock. The shares were sold at an average price of $17.02, for a total value of $18,330.54.
• On Wednesday, May 27th, Artur Bergman sold 852 shares of Fastly stock. The shares were sold at an average price of $17.50, for a total value of $14,910.00.

Fastly Price Performance

Fastly stock traded down $0.95 during mid-day trading on Thursday, hitting $22.71. 5,761,319 shares of the company were exchanged, compared to its average volume of 9,739,349. The company has a market capitalization of $3.62 billion, a PE ratio of -42.85 and a beta of 0.34. The business has a fifty day moving average of $21.01 and a 200 day moving average of $21.14. Fastly, Inc. has a 1-year low of $7.01 and a 1-year high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 company had revenue of $183.32 million for 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. As a group, sell-side analysts expect that Fastly, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

FSLY has been the topic of several research analyst reports. Piper Sandler upped 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. Freedom Capital upgraded shares of Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. Raymond James Financial reissued an "outperform" rating and issued a $29.00 target price on shares of Fastly in a report on Thursday, August 6th. Evercore restated an "outperform" rating on shares of Fastly in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price objective on Fastly from $22.00 to $28.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. One research 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.33.

Hedge Funds Weigh In On Fastly

A number of large investors have recently modified their holdings of FSLY. Convergence Investment Partners LLC bought a new stake in shares of Fastly during the first quarter valued at approximately $1,951,000. Bank of America Corp DE raised its position in Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company's stock worth $36,888,000 after purchasing an additional 692,459 shares during the last quarter. Range Financial Group LLC bought a new position in Fastly in the 1st quarter worth approximately $1,667,000. Castleark Management LLC acquired a new position in Fastly during the 1st quarter worth $5,164,000. Finally, Vanguard Group Inc. lifted its holdings in Fastly by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock worth $172,825,000 after buying an additional 310,234 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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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