Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 3,002 shares of Fastly stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $30.07, for a total value of $90,270.14. Following the completion of the transaction, the chief technology officer directly owned 1,098,317 shares of the company’s stock, valued at $33,026,392.19. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The stock was sold at an average price of $26.81, for a total transaction of $993,015.59.
- On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The stock was sold at an average price of $25.26, for a total transaction of $100,054.86.
- On Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was sold at an average price of $24.75, for a total transaction 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 transaction of $11,448,796.32.
- On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The shares were sold at an average price of $27.82, for a total transaction 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 transaction 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 stock was 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 shares were sold at an average price of $22.72, for a total transaction of $203,571.20.
Fastly Price Performance
Shares of Fastly stock traded down $2.60 during midday trading on Friday, reaching $22.47. The company had a trading volume of 7,078,943 shares, compared to its average volume of 8,411,847. 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 capitalization of $3.58 billion, a price-to-earnings ratio of -42.40 and a beta of 0.31. The stock has a fifty day simple moving average of $24.94 and a 200 day simple moving average of $22.66. Fastly, Inc. has a 1-year low of $7.74 and a 1-year high of $34.82.
Fastly (NASDAQ:FSLY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The firm had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, equities research analysts forecast that Fastly, Inc. will post -0.29 earnings per share for the current year.
Institutional Investors Weigh In On Fastly
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSLY. Perpetual Ltd acquired a new position in Fastly in the third quarter valued at about $240,000. GK Wealth Management LLC bought a new stake in shares of Fastly in the 3rd quarter valued at about $70,000. GAMMA Investing LLC increased its stake in shares of Fastly by 38.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock valued at $39,000 after acquiring an additional 419 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Fastly in the 3rd quarter valued at about $108,000. Finally, Cim Investment Management Inc. raised its position in shares of Fastly by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 10,816 shares of the company’s stock valued at $199,000 after acquiring an additional 747 shares during the period. Institutional investors own 79.71% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on FSLY. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Raymond James Financial reissued an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. Freedom Broker upped their target price on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Evercore restated an “outperform” rating on shares of Fastly in a research report on Wednesday, September 23rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $25.00 target price on shares of Fastly in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fastly has an average rating of “Hold” and an average target price of $27.42.
View Our Latest Report on Fastly
About Fastly
Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.
Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.
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