Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 31,687 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $24.72, for a total value of $783,302.64. Following the completion of the transaction, the chief technology officer directly owned 1,973,504 shares of the company’s stock, valued at $48,785,018.88. This represents a 1.58% 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 Tuesday, August 18th, Artur Bergman sold 32,387 shares of Fastly stock. The shares were 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.
- 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 stock was 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 stock was sold at an average price of $17.50, for a total value of $14,910.00.
Fastly Stock Performance
Shares of Fastly stock opened at $22.71 on Friday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.62 billion, a P/E ratio of -42.85 and a beta of 0.34. The business has a fifty day simple moving average of $21.09 and a two-hundred day simple moving average of $21.23. Fastly, Inc. has a 12 month low of $7.01 and a 12 month high of $34.82.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Canaccord Genuity Group began coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. Evercore reissued an “outperform” rating on shares of Fastly in a research report on Thursday, August 6th. Piper Sandler upped their price target on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Citigroup raised their price objective on Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, KeyCorp boosted their target price on Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fastly currently has an average rating of “Hold” and an average price target of $25.33.
Read Our Latest Report on Fastly
Key Stories Impacting Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Fastly’s edge-cloud platform remains positioned to benefit from long-term growth in artificial intelligence and cloud-computing demand. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.15 in EPS versus the $0.07 consensus estimate and $183.32 million in revenue versus expectations of $173.94 million. Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
- Neutral Sentiment: Fastly CTO Artur Bergman sold 64,074 shares for approximately $1.71 million across August 18–19, while CEO Charles Lacey Compton III sold 45,750 shares for roughly $1.26 million. Both executives’ transactions were executed under pre-arranged Rule 10b5-1 trading plans, which reduces their value as a discretionary signal about management’s outlook. CTO SEC Form 4 Filing CEO SEC Form 4 Filing
- Negative Sentiment: Investor concerns about competitive pressure from AI weighed on software stocks after a report said Anthropic’s anticipated IPO could rival or exceed SpaceX’s record debut. The news appears to have intensified worries that major AI companies could capture spending and attention that might otherwise benefit infrastructure providers such as Fastly. Why Fastly Shares Are Falling Today
- Negative Sentiment: CFO Richard Wong sold 148,015 shares valued at approximately $4.23 million, reducing his direct ownership by 11.94%. Another insider, Scott R. Lovett, sold 14,936 shares for about $427,000. Combined with the CEO and CTO transactions, the roughly $7.8 million of recent insider selling may weigh on sentiment, even though some sales were conducted under 10b5-1 plans. Fastly Insider Selling Alert
Institutional Trading of Fastly
A number of institutional investors and hedge funds have recently bought and sold shares of FSLY. Alyeska Investment Group L.P. raised its holdings in Fastly by 2,795.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock worth $48,754,000 after acquiring an additional 4,623,767 shares during the last quarter. First Trust Advisors LP boosted its stake in Fastly by 100.5% during the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Fastly by 3,941.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock valued at $9,383,000 after purchasing an additional 1,296,119 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Fastly during the 4th quarter valued at $11,657,000. Finally, Morgan Stanley increased its holdings in shares of Fastly by 14.7% in the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock worth $84,893,000 after purchasing an additional 1,071,222 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors.
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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