Fastly Inc (NYSE:FSLY) CEO Sells $168,750.00 in Stock

Fastly Inc (NYSE:FSLY) CEO Artur Bergman sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $22.50, for a total transaction of $168,750.00. Following the completion of the sale, the chief executive officer now directly owns 310,389 shares of the company’s stock, valued at approximately $6,983,752.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, February 6th, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $21.60, for a total transaction of $162,000.00.
  • On Thursday, January 30th, Artur Bergman sold 15,000 shares of Fastly stock. The shares were sold at an average price of $23.35, for a total transaction of $350,250.00.
  • On Thursday, January 23rd, Artur Bergman sold 22,500 shares of Fastly stock. The shares were sold at an average price of $24.66, for a total transaction of $554,850.00.
  • On Tuesday, January 21st, Artur Bergman sold 36,527 shares of Fastly stock. The shares were sold at an average price of $25.00, for a total transaction of $913,175.00.
  • On Wednesday, January 15th, Artur Bergman sold 26,759 shares of Fastly stock. The shares were sold at an average price of $22.52, for a total transaction of $602,612.68.
  • On Thursday, January 9th, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $21.58, for a total transaction of $161,850.00.
  • On Monday, January 6th, Artur Bergman sold 25,741 shares of Fastly stock. The shares were sold at an average price of $22.50, for a total transaction of $579,172.50.
  • On Thursday, January 2nd, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $21.40, for a total transaction of $160,500.00.
  • On Thursday, December 26th, Artur Bergman sold 11,250 shares of Fastly stock. The shares were sold at an average price of $19.88, for a total transaction of $223,650.00.
  • On Thursday, December 19th, Artur Bergman sold 3,750 shares of Fastly stock. The shares were sold at an average price of $20.05, for a total transaction of $75,187.50.

Shares of Fastly stock traded up $0.50 on Friday, hitting $22.96. The company had a trading volume of 1,452,314 shares, compared to its average volume of 1,401,071. Fastly Inc has a twelve month low of $14.12 and a twelve month high of $35.25. The stock has a 50-day moving average of $22.33 and a 200-day moving average of $22.55.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Fastly by 645.6% during the fourth quarter. FMR LLC now owns 2,307,034 shares of the company’s stock worth $46,302,000 after purchasing an additional 1,997,618 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Fastly by 12,226.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,108,720 shares of the company’s stock worth $42,322,000 after purchasing an additional 2,091,613 shares during the last quarter. Vanguard Group Inc. acquired a new position in Fastly during the second quarter worth $20,698,000. FIL Ltd acquired a new position in Fastly during the fourth quarter worth $17,390,000. Finally, BlackRock Inc. acquired a new position in Fastly during the second quarter worth $12,288,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Fastly from $17.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Piper Jaffray Companies upgraded shares of Fastly from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a report on Thursday, January 2nd. Finally, Zacks Investment Research cut shares of Fastly from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.36.

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Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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