Fastly (NYSE:FSLY) CTO Sells $18,330.54 in Stock

by · The Cerbat Gem

Fastly, Inc. (NYSE:FSLY – Get Free Report) CTO Artur Bergman sold 1,077 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $17.02, for a total value of $18,330.54. Following the sale, the chief technology officer owned 2,052,752 shares of the company’s stock, valued at $34,937,839.04. The trade was a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 Wednesday, May 27th, Artur Bergman sold 852 shares of Fastly stock. The stock was sold at an average price of $17.50, for a total value of $14,910.00.
  • On Tuesday, May 19th, Artur Bergman sold 31,848 shares of Fastly stock. The stock was sold at an average price of $16.41, for a total value of $522,625.68.
  • On Monday, May 18th, Artur Bergman sold 32,181 shares of Fastly stock. The stock was sold at an average price of $16.85, for a total value 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 value 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 value 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 value 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 value 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 value of $516,643.92.

Fastly Stock Performance

Shares of FSLY stock traded up $0.82 on Friday, hitting $17.76. 6,297,081 shares of the stock traded hands, compared to its average volume of 11,685,857. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $2.78 billion, a PE ratio of -18.50 and a beta of 0.49. Fastly, Inc. has a 1-year low of $6.29 and a 1-year high of $34.82. The company’s fifty day moving average is $24.32 and its 200 day moving average is $16.86.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FSLY shares. Evercore started coverage on Fastly in a report on Tuesday, April 14th. They set an “outperform” rating and a $24.00 price objective on the stock. Royal Bank Of Canada decreased their price objective on Fastly to $18.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. DA Davidson set a $13.00 price objective on Fastly in a report on Thursday, February 12th. Citigroup raised their target price on Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Craig Hallum cut Fastly from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fastly has an average rating of “Hold” and an average price target of $22.63.

Check Out Our Latest Stock Report on FSLY

Hedge Funds Weigh In On Fastly

Several institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Fastly in the 4th quarter worth $41,000. Align Financial LLC bought a new position in Fastly in the 4th quarter worth $41,000. Sound Income Strategies LLC bought a new position in Fastly in the 1st quarter worth $44,000. Finally, Quarry LP bought a new position in Fastly in the 3rd quarter worth $49,000. 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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