Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman Sells 31,551 Shares of Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 31,551 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $10.31, for a total value of $325,290.81. Following the completion of the transaction, the chief technology officer now directly owns 3,394,136 shares in the company, valued at $34,993,542.16. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, January 27th, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.12, for a total transaction of $101,200.00.
• On Monday, January 6th, Artur Bergman sold 8,049 shares of Fastly stock. The shares were 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 stock was sold at an average price of $10.09, for a total value of $100,900.00.
• On Wednesday, December 18th, Artur Bergman sold 3,400 shares of Fastly stock. The shares were 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 stock was 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 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 Trading Down 1.6 %

Shares of Fastly stock opened at $10.11 on Tuesday. Fastly, Inc. has a twelve month low of $5.52 and a twelve month high of $25.87. 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 business has a 50-day moving average price of $9.43 and a 200-day moving average price of $7.88. 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 (NYSE:FSLY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The business had revenue of $137.21 million for the quarter, compared to the consensus estimate of $131.86 million. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) EPS. Equities research analysts anticipate that Fastly, Inc. will post -0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FSLY. Royal Bank of Canada upped their price target on Fastly from $7.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Citigroup raised their target price on shares of Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. DA Davidson upped their price target on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Piper Sandler increased their price objective on shares of Fastly from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Craig Hallum lifted their target price on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.85.

Hedge Funds Weigh In On Fastly

Institutional investors have recently bought and sold shares of the business. Bank of Montreal Can raised its holdings in Fastly by 11,140.2% during the 3rd quarter. Bank of Montreal Can now owns 1,305,101 shares of the company’s stock valued at $9,867,000 after buying an additional 1,293,490 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of Fastly by 84.2% in the 3rd quarter. Quadrature Capital Ltd now owns 112,085 shares of the company’s stock worth $848,000 after acquiring an additional 51,224 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Fastly by 18.8% during the 3rd quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company’s stock worth $38,418,000 after purchasing an additional 801,968 shares during the period. XTX Topco Ltd bought a new position in Fastly during the 3rd quarter valued at about $400,000. Finally, Zacks Investment Management purchased a new stake in Fastly in the 3rd quarter worth about $914,000. 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.