Fastly (NYSE:FSLY) CTO Sells $175,200.00 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 20,000 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $8.76, for a total transaction of $175,200.00. Following the completion of the sale, the chief technology officer directly owned 3,421,276 shares in the company, valued at approximately $29,970,377.76. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 29th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.53, for a total transaction of $170,600.00.
• On Monday, September 22nd, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.70, for a total transaction of $174,000.00.
• On Monday, September 15th, Artur Bergman sold 20,000 shares of Fastly stock. The shares were sold at an average price of $8.56, for a total value of $171,200.00.
• On Monday, September 8th, Artur Bergman sold 20,000 shares of Fastly stock. The stock was sold at an average price of $7.45, for a total transaction of $149,000.00.
• On Tuesday, September 2nd, Artur Bergman sold 58,138 shares of Fastly stock. The stock was sold at an average price of $7.41, for a total value of $430,802.58.
• On Wednesday, August 27th, Artur Bergman sold 849 shares of Fastly stock. The stock was sold at an average price of $7.30, for a total value of $6,197.70.
• On Tuesday, August 19th, Artur Bergman sold 19,353 shares of Fastly stock. The stock was sold at an average price of $7.33, for a total transaction of $141,857.49.
• On Monday, August 18th, Artur Bergman sold 26,418 shares of Fastly stock. The shares were sold at an average price of $6.88, for a total transaction of $181,755.84.

Fastly Stock Performance

NYSE FSLY opened at $8.26 on Friday. The firm has a market capitalization of $1.22 billion, a P/E ratio of -8.02 and a beta of 1.30. Fastly, Inc. has a 1-year low of $4.65 and a 1-year high of $12.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.49. The business’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $7.10.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $148.71 million for the quarter, compared to analysts’ expectations of $144.86 million. Fastly had a negative net margin of 25.85% and a negative return on equity of 11.98%. Fastly’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities analysts predict that Fastly, Inc. will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on FSLY shares. Royal Bank Of Canada boosted their price objective on Fastly from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research report on Wednesday. Finally, Craig Hallum raised shares of Fastly from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.69.

Institutional Trading of Fastly

Institutional investors and hedge funds have recently modified their holdings of the business. Banque Transatlantique SA acquired a new stake in Fastly during the first quarter worth about $38,000. GAMMA Investing LLC raised its stake in Fastly by 451.7% during the first quarter. GAMMA Investing LLC now owns 7,261 shares of the company’s stock worth $46,000 after acquiring an additional 5,945 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Fastly during the 1st quarter worth approximately $52,000. Acadian Asset Management LLC acquired a new stake in shares of Fastly during the 1st quarter worth approximately $78,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Fastly during the 2nd quarter worth approximately $83,000. 79.71% of the stock is owned by institutional investors and hedge funds.

About Fastly

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.