Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman Sells 10,000 Shares

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 10,000 shares of Fastly stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $10.12, for a total value of $101,200.00. Following the sale, the chief technology officer now directly owns 3,384,136 shares in the company, valued at $34,247,456.32. This trade represents a 0.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, January 23rd, Artur Bergman sold 31,551 shares of Fastly stock. The stock was sold at an average price of $10.31, for a total transaction of $325,290.81.
• On Monday, January 6th, Artur Bergman sold 8,049 shares of Fastly stock. The stock was sold at an average price of $10.04, for a total transaction of $80,811.96.
• On Monday, December 23rd, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.09, for a total transaction of $100,900.00.
• On Wednesday, December 18th, Artur Bergman sold 3,400 shares of Fastly stock. The stock was sold at an average price of $12.01, for a total value of $40,834.00.
• On Thursday, December 5th, Artur Bergman sold 29,641 shares of Fastly stock. The stock was sold at an average price of $10.02, for a total value of $297,002.82.
• On Monday, December 2nd, Artur Bergman sold 29,858 shares of Fastly stock. The stock was sold at an average price of $10.07, for a total value of $300,670.06.
• On Monday, November 18th, Artur Bergman sold 16,922 shares of Fastly stock. The shares were sold at an average price of $6.25, for a total transaction of $105,762.50.
• On Wednesday, November 6th, Artur Bergman sold 49,178 shares of Fastly stock. The stock was sold at an average price of $8.07, for a total transaction of $396,866.46.

Fastly Stock Performance

Shares of FSLY stock opened at $10.11 on Tuesday. The company’s 50 day moving average is $9.43 and its 200 day moving average is $7.88. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -9.28 and a beta of 1.24. Fastly, Inc. has a 52-week low of $5.52 and a 52-week high of $25.87.

Fastly (NYSE:FSLY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. The firm had revenue of $137.21 million during the quarter, compared to analyst estimates of $131.86 million. During the same period in the previous year, the company posted ($0.33) EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Fastly, Inc. will post -0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

FSLY has been the subject of several analyst reports. DA Davidson raised their price objective on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler increased their price target on Fastly from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Monday, December 2nd. Raymond James downgraded Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Finally, Craig Hallum lifted their target price on Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Fastly has a consensus rating of “Hold” and a consensus target price of $8.85.

Institutional Investors Weigh In On Fastly

Hedge funds and other institutional investors have recently bought and sold shares of the company. 180 Wealth Advisors LLC increased its position in shares of Fastly by 2.5% during the fourth quarter. 180 Wealth Advisors LLC now owns 68,643 shares of the company’s stock worth $648,000 after purchasing an additional 1,695 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Fastly by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,301 shares of the company’s stock worth $503,000 after buying an additional 2,128 shares during the last quarter. Blue Trust Inc. grew its stake in Fastly by 15.2% during the 3rd quarter. Blue Trust Inc. now owns 17,420 shares of the company’s stock worth $128,000 after buying an additional 2,296 shares during the last quarter. FMR LLC increased its position in Fastly by 124.2% during the 3rd quarter. FMR LLC now owns 6,357 shares of the company’s stock valued at $48,000 after buying an additional 3,522 shares in the last quarter. Finally, Wealth Effects LLC raised its stake in Fastly by 21.1% in the fourth quarter. Wealth Effects LLC now owns 28,651 shares of the company’s stock valued at $270,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.