Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 27,900 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $27.82, for a total transaction of $776,178.00. Following the completion of the transaction, the chief technology officer directly owned 1,517,960 shares in the company, valued at approximately $42,229,647.20. The trade was a 1.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Artur Bergman also recently made the following trade(s):
- On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The shares were sold at an average price of $27.38, for a total value of $1,345,617.48.
- On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The stock was sold at an average price of $25.30, for a total value of $55,660.00.
- On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The stock was sold at an average price of $24.53, for a total value of $762,367.87.
- On Tuesday, September 15th, Artur Bergman sold 2,500 shares of Fastly stock. The shares were sold at an average price of $25.14, for a total value of $62,850.00.
- On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The shares were sold at an average price of $22.72, for a total value of $203,571.20.
- On Tuesday, September 8th, Artur Bergman sold 300 shares of Fastly stock. The stock was sold at an average price of $22.51, for a total value of $6,753.00.
- On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The stock was sold at an average price of $20.90, for a total transaction of $387,047.10.
- On Thursday, September 3rd, Artur Bergman sold 17,576 shares of Fastly stock. The shares were sold at an average price of $20.66, for a total transaction of $363,120.16.
- On Monday, August 31st, Artur Bergman sold 6,225 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $143,175.00.
- On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The stock was sold at an average price of $24.08, for a total transaction of $20,492.08.
Fastly Price Performance
Shares of Fastly stock traded up $3.57 on Wednesday, hitting $29.65. 29,901,667 shares of the company traded hands, compared to its average volume of 9,361,164. Fastly, Inc. has a 12-month low of $7.74 and a 12-month high of $34.82. 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 company has a market cap of $4.72 billion, a P/E ratio of -55.94 and a beta of 0.36. The firm’s 50-day simple moving average is $23.35 and its 200 day simple moving average is $22.54.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on FSLY. Royal Bank Of Canada reiterated a “sector perform” rating and set a $25.00 price target on shares of Fastly in a research report on Wednesday. Bank of America upped their price objective on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday. DA Davidson increased their target price on shares of Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fastly has a consensus rating of “Hold” and an average price target of $26.73.
Check Out Our Latest Report on Fastly
Key Stories Impacting Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Freedom Broker raised its price target on Fastly from $32 to $37 and upgraded the shares to “buy,” implying additional upside. Freedom Broker price target report
- Positive Sentiment: Unusually strong options activity suggests bullish near-term speculation: investors purchased 33,432 call options, approximately 187% above typical call volume.
- Positive Sentiment: Fastly is expanding beyond content delivery into a broader edge platform, including AI Firewall, AI Runtime Control and API security products. The strategy could enlarge its addressable market as businesses seek to secure and manage AI-related traffic. Fastly expands edge platform article
- Positive Sentiment: Recent quarterly results support the bullish case: revenue reached a record $183.3 million, up 23% year over year, while non-GAAP EPS of $0.15 exceeded expectations. Full-year 2026 guidance was also raised to approximately $739 million of revenue and $0.52 EPS at the midpoint. Fastly earnings and valuation article
- Neutral Sentiment: Bank of America said Fastly’s move toward an edge platform is strategically promising, but the size and timing of the AI opportunity remain uncertain. The company remains unprofitable on a trailing basis, increasing the importance of execution and margin expansion.
- Negative Sentiment: DA Davidson maintained a “neutral” rating and set a $23 price target, citing high expectations after the rally. The target is well below recent trading levels. DA Davidson Fastly price target article
- Negative Sentiment: Investor Day prompted profit-taking after the stock’s sharp advance, highlighting concerns that much of the AI and turnaround optimism may already be reflected in the valuation. Fastly rally and profit-taking article
Hedge Funds Weigh In On Fastly
A number of large investors have recently bought and sold shares of FSLY. First Trust Advisors LP lifted its position in Fastly by 100.5% in the first 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. Dimensional Fund Advisors LP grew its holdings in shares of Fastly by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after purchasing an additional 11,022 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after buying an additional 692,459 shares during the period. SG Americas Securities LLC increased its stake in shares of Fastly by 90.7% in the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock worth $19,918,000 after buying an additional 326,087 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Fastly during the 2nd quarter valued at $8,696,000. 79.71% of the stock is owned by hedge funds and other institutional investors.
About Fastly
Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.
Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.
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