Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 851 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $24.08, for a total transaction of $20,492.08. Following the completion of the sale, the chief technology officer directly owned 1,920,050 shares in the company, valued at approximately $46,234,804. This represents a 0.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Artur Bergman also recently made the following trade(s):
- On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The shares were sold at an average price of $23.00, for a total transaction of $143,175.00.
- 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 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 transaction of $926,268.20.
- On Wednesday, June 3rd, Artur Bergman sold 7,889 shares of Fastly stock. The stock was sold at an average price of $20.96, for a total transaction of $165,353.44.
Fastly Price Performance
Shares of NASDAQ FSLY opened at $20.43 on Thursday. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -38.55 and a beta of 0.36. The business has a 50-day moving average of $22.05 and a 200-day moving average of $22.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. Fastly, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $34.82.
Hedge Funds Weigh In On Fastly
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSLY. PNC Financial Services Group Inc. increased its holdings in shares of Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after purchasing an additional 633 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Fastly during the 1st quarter worth about $44,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after buying an additional 627 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of Fastly during the 2nd quarter worth about $72,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Fastly during the 4th quarter worth about $41,000. 79.71% of the stock is owned by institutional investors.
Analyst Ratings Changes
FSLY has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price target on shares of Fastly in a research note on Thursday, August 6th. Evercore reaffirmed an “outperform” rating on shares of Fastly in a report on Thursday, August 6th. KeyCorp raised their target price on shares of Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Finally, Freedom Capital raised Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.33.
View Our Latest Stock Analysis on Fastly
Fastly News Summary
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Fastly’s record second-quarter performance is being viewed as evidence of a potential platform inflection. The company reported revenue of $183.3 million, above the $173.9 million consensus estimate, and adjusted EPS of $0.15 versus expectations of $0.07. The results support the investment case that Fastly’s edge cloud and AI-related offerings can accelerate growth. Fastly: Record Q2 Confirms The Platform Inflection
- Neutral Sentiment: A market article identified Fastly among stocks with short-squeeze potential. While elevated short interest could create upside if bullish momentum returns, the discussion is speculative and does not represent a new company-specific fundamental catalyst. 15 Stocks to Watch With Short Squeeze Potential
- Negative Sentiment: Schubert Jonckheer & Kolbe announced an investigation into potential claims that Fastly made false or misleading statements concerning growth and macroeconomic pressures. The announcement follows a reported 31% stock drop and adds legal and reputational risk, although the investigation does not establish wrongdoing. Fastly Investor Alert
- Negative Sentiment: Insiders sold approximately 99,456 shares for roughly $2.2 million, including two sales by CEO Charles Lacey Compton III, plus transactions by the CTO, a director and another insider. Most of the reported sales were executed under pre-arranged Rule 10b5-1 plans, which reduces their significance as a discretionary bearish signal, but the clustering of sales may still weigh on investor sentiment. Insiders continue to hold substantial positions.
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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