Insider Selling: Fastly (NASDAQ:FSLY) CTO Sells $143,175.00 in Stock

by · The Cerbat Gem

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) CTO Artur Bergman sold 6,225 shares of Fastly stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $23.00, for a total transaction of $143,175.00. Following the completion of the sale, the chief technology officer directly owned 1,913,825 shares in the company, valued at approximately $44,017,975. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Artur Bergman also recently made the following trade(s):

  • On Thursday, August 27th, Artur Bergman sold 851 shares of Fastly stock. The shares were sold at an average price of $24.08, for a total transaction of $20,492.08.
  • On Wednesday, August 19th, Artur Bergman sold 31,687 shares of Fastly stock. The stock was 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.

Fastly Stock Performance

Fastly stock traded down $0.34 during trading on Wednesday, hitting $20.43. The stock had a trading volume of 3,560,297 shares, compared to its average volume of 9,424,438. Fastly, Inc. has a 1 year low of $7.05 and a 1 year high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $21.97 and its two-hundred day moving average is $22.04. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of -38.55 and a beta of 0.36.

Fastly (NASDAQ:FSLY – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%.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, analysts predict that Fastly, Inc. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price target on shares of Fastly in a research report on Thursday, August 6th. Piper Sandler increased their price objective on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. KeyCorp increased their price objective on Fastly from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Citigroup raised their target price on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.33.

Read Our Latest Report on Fastly

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSLY. California State Teachers Retirement System boosted its holdings in Fastly by 1,683.4% in the 2nd quarter. California State Teachers Retirement System now owns 2,932,680 shares of the company’s stock valued at $53,844,000 after purchasing an additional 2,768,234 shares during the period. AlphaGrep UK Ltd bought a new position in shares of Fastly in the second quarter worth $366,000. FirstWave Capital Management LLC bought a new position in shares of Fastly in the second quarter worth $1,344,000. AXQ Capital LP purchased a new stake in shares of Fastly in the second quarter worth $534,000. Finally, Nykredit A S purchased a new stake in shares of Fastly in the second quarter worth $77,000. 79.71% of the stock is owned by institutional investors.

About Fastly

(Get Free Report)

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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