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

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $10.09, for a total value of $100,900.00. Following the sale, the chief technology officer now owns 3,434,136 shares of the company’s stock, valued at approximately $34,650,432.24. This represents a 0.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were 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 shares were sold at an average price of $10.07, for a total transaction of $300,670.06.
• On Monday, November 18th, Artur Bergman sold 16,922 shares of Fastly stock. The stock was sold at an average price of $6.25, for a total value of $105,762.50.
• On Wednesday, November 6th, Artur Bergman sold 49,178 shares of Fastly stock. The shares were sold at an average price of $8.07, for a total transaction of $396,866.46.

Fastly Stock Up 0.9 %

Shares of Fastly stock traded up $0.09 during trading hours on Thursday, reaching $10.13. The company’s stock had a trading volume of 1,823,763 shares, compared to its average volume of 3,589,245. The company has a market capitalization of $1.42 billion, a P/E ratio of -9.29 and a beta of 1.27. The stock’s fifty day simple moving average is $8.46 and its two-hundred day simple moving average is $7.53. Fastly, Inc. has a one year low of $5.52 and a one year high of $25.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97.

Fastly (NYSE:FSLY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $137.21 million during the quarter, compared to the consensus estimate of $131.86 million. During the same quarter in the previous year, the business earned ($0.33) EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that Fastly, Inc. will post -0.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on FSLY shares. DA Davidson increased their target price on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Raymond James downgraded shares of Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Royal Bank of Canada upped their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price target on shares of Fastly from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.55.

Hedge Funds Weigh In On Fastly

A number of hedge funds have recently bought and sold shares of FSLY. Point72 DIFC Ltd purchased a new position in Fastly in the second quarter worth $38,000. FMR LLC increased its holdings in Fastly by 124.2% during the third quarter. FMR LLC now owns 6,357 shares of the company’s stock worth $48,000 after buying an additional 3,522 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Fastly by 95.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,849 shares of the company’s stock worth $65,000 after acquiring an additional 4,318 shares during the period. Aigen Investment Management LP bought a new position in Fastly during the third quarter valued at $89,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Fastly during the 2nd quarter valued at $103,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

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.