Fastly, Inc. (NYSE:FSLY – Get Free Report) CTO Artur Bergman sold 852 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $17.50, for a total transaction of $14,910.00. Following the sale, the chief technology officer owned 2,053,829 shares in the company, valued at $35,942,007.50. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 transaction of $18,330.54.
- 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 transaction 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 transaction 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 transaction 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 transaction of $842,800.00.
- On Monday, March 2nd, Artur Bergman sold 275,234 shares of Fastly stock. The shares were sold at an average price of $20.56, for a total transaction of $5,658,811.04.
- 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 transaction 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 transaction of $516,643.92.
Fastly Trading Up 4.8%
FSLY opened at $17.76 on Friday. The company’s 50 day moving average is $24.13 and its 200-day moving average is $16.86. Fastly, Inc. has a 1-year low of $6.29 and a 1-year high of $34.82. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.78 billion, a P/E ratio of -18.50 and a beta of 0.49.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on FSLY
Institutional Trading of Fastly
Several hedge funds have recently modified their holdings of FSLY. Penserra Capital Management LLC bought a new stake in shares of Fastly in the 3rd quarter valued at $61,864,000. Alyeska Investment Group L.P. increased its stake in shares of 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 valued at $48,754,000 after acquiring an additional 4,623,767 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after acquiring an additional 3,524,763 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of Fastly in the 3rd quarter valued at $21,174,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Fastly by 3,941.1% in 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 acquiring an additional 1,296,119 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.
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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