Artur Bergman Sells 2,700 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY – Get Rating) insider Artur Bergman sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $15.02, for a total value of $40,554.00. Following the transaction, the insider now directly owns 6,494,643 shares of the company’s stock, valued at approximately $97,549,537.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, May 16th, Artur Bergman sold 13,706 shares of Fastly stock. The stock was sold at an average price of $13.17, for a total transaction of $180,508.02.
• On Monday, April 24th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.95, for a total transaction of $178,049.85.
• On Monday, April 17th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.79, for a total transaction of $176,263.77.
• On Monday, April 10th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $15.48, for a total value of $172,803.24.
• On Monday, April 3rd, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $16.76, for a total value of $187,091.88.
• On Monday, March 27th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $16.27, for a total value of $181,622.01.
• On Monday, March 20th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.31, for a total value of $170,905.53.
• On Thursday, March 16th, Artur Bergman sold 11,163 shares of Fastly stock. The stock was sold at an average price of $15.75, for a total transaction of $175,817.25.
• On Monday, March 6th, Artur Bergman sold 32,388 shares of Fastly stock. The shares were sold at an average price of $15.19, for a total transaction of $491,973.72.
• On Wednesday, March 1st, Artur Bergman sold 2,420 shares of Fastly stock. The stock was sold at an average price of $13.94, for a total transaction of $33,734.80.

Fastly Stock Down 0.3 %

Shares of NYSE FSLY opened at $14.78 on Friday. Fastly, Inc. has a 12-month low of $7.15 and a 12-month high of $18.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.28 and a current ratio of 5.28. The firm has a 50 day moving average of $15.01 and a 200 day moving average of $12.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSLY. MetLife Investment Management LLC bought a new position in shares of Fastly during the 1st quarter valued at approximately $37,000. Steward Partners Investment Advisory LLC boosted its position in shares of Fastly by 886.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the company’s stock worth $39,000 after purchasing an additional 1,977 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Fastly in the first quarter worth $41,000. Hollencrest Capital Management purchased a new stake in shares of Fastly in the first quarter worth $53,000. Finally, Penserra Capital Management LLC raised its position in shares of Fastly by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 3,072 shares of the company’s stock valued at $53,000 after purchasing an additional 1,024 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Analyst Ratings Changes

FSLY has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Fastly from $6.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, February 16th. Piper Sandler boosted their price target on Fastly from $10.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. Morgan Stanley raised Fastly from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $12.00 to $18.00 in a research report on Thursday, April 20th. Robert W. Baird boosted their target price on Fastly from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Finally, Citigroup raised their price target on shares of Fastly from $7.00 to $8.00 and gave the company a “sell” rating in a report on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Fastly currently has a consensus rating of “Hold” and an average price target of $16.00.

Fastly Company Profile

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Fastly, Inc provides real-time content delivery network services. It offers edge compute, edge delivery, edge security, edge applications like load balancing and image optimization, video on demand, and managed edge delivery. The company was founded by Artur Bergman, Tyler McMullen, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.