Fastly, Inc. (NYSE:FSLY – Get Free Report) CTO Artur Bergman sold 6,225 shares of Fastly stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.96, for a total transaction of $105,576.00. Following the completion of the sale, the chief technology officer owned 2,046,527 shares of the company’s stock, valued at $34,709,097.92. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Artur Bergman also recently made the following trade(s):
- 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.
- On Tuesday, May 19th, Artur Bergman sold 31,848 shares of Fastly stock. The shares were sold at an average price of $16.41, for a total value of $522,625.68.
- On Monday, May 18th, Artur Bergman sold 32,181 shares of Fastly stock. The shares were sold at an average price of $16.85, for a total value of $542,249.85.
- On Tuesday, March 10th, Artur Bergman sold 265,000 shares of Fastly stock. The shares were sold at an average price of $22.79, for a total value of $6,039,350.00.
- On Monday, March 9th, Artur Bergman sold 40,000 shares of Fastly stock. The shares were sold at an average price of $21.07, for a total value of $842,800.00.
- On Thursday, March 5th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $20.69, for a total value of $643,024.51.
- On Wednesday, March 4th, Artur Bergman sold 24,532 shares of Fastly stock. The shares were sold at an average price of $21.06, for a total value of $516,643.92.
Fastly Stock Down 4.4%
Shares of FSLY stock opened at $19.91 on Friday. The stock’s 50 day simple moving average is $23.57 and its 200 day simple moving average is $17.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly, Inc. has a twelve month low of $6.29 and a twelve month high of $34.82. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of -20.74 and a beta of 0.37.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on FSLY shares. William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Raymond James Financial raised Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Friday, May 8th. KeyCorp lifted their price target on Fastly from $14.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Citigroup lifted their price target on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Craig Hallum downgraded Fastly from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.63.
Get Our Latest Stock Report on Fastly
About Fastly
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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