Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 3,961 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $25.26, for a total value of $100,054.86. Following the sale, the chief technology officer directly owned 1,101,319 shares in the company, valued at approximately $27,819,317.94. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 28th, Artur Bergman sold 33,078 shares of Fastly stock. The shares were sold at an average price of $24.75, for a total value of $818,680.50.
- On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The shares were sold at an average price of $30.16, for a total value of $11,448,796.32.
- On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The stock was sold at an average price of $27.82, for a total value of $776,178.00.
- On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The stock was 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 transaction of $55,660.00.
- On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $24.53, for a total transaction 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 transaction of $62,850.00.
- On Wednesday, September 9th, Artur Bergman sold 8,960 shares of Fastly stock. The stock was sold at an average price of $22.72, for a total transaction 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 transaction of $6,753.00.
- On Thursday, September 3rd, Artur Bergman sold 18,519 shares of Fastly stock. The shares were sold at an average price of $20.90, for a total transaction of $387,047.10.
Fastly Stock Performance
FSLY traded up $0.19 on Wednesday, reaching $25.67. The stock had a trading volume of 6,194,339 shares, compared to its average volume of 9,340,493. The business’s 50-day moving average price is $23.94 and its two-hundred day moving average price is $22.69. The company has a market cap of $4.09 billion, a P/E ratio of -48.43 and a beta of 0.36. 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.
Hedge Funds Weigh In On Fastly
Several hedge funds and other institutional investors have recently made changes to their positions in FSLY. PNC Financial Services Group Inc. boosted its stake 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 worth $40,000 after acquiring an additional 633 shares during the last quarter. IFP Advisors Inc raised its stake in Fastly by 1,621.7% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock valued at $26,000 after purchasing an additional 1,346 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Fastly in the 1st quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its holdings in Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after purchasing an additional 627 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Fastly in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on FSLY shares. Raymond James Financial reissued an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. DA Davidson increased their target price on Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, September 23rd. Evercore reissued an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Piper Sandler boosted their price target on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group initiated coverage on shares of Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fastly currently has an average rating of “Hold” and an average target price of $26.73.
Check Out Our Latest Stock Analysis on FSLY
Fastly Company Profile
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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