Artur Bergman Sells 49,178 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 49,178 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $8.07, for a total value of $396,866.46. Following the completion of the transaction, the chief technology officer now directly owns 6,155,822 shares of the company’s stock, valued at approximately $49,677,483.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 3rd, Artur Bergman sold 19,889 shares of Fastly stock. The stock was sold at an average price of $5.96, for a total transaction of $118,538.44.
• On Monday, August 19th, Artur Bergman sold 1,091 shares of Fastly stock. The shares were sold at an average price of $6.46, for a total transaction of $7,047.86.
• On Friday, August 16th, Artur Bergman sold 16,748 shares of Fastly stock. The shares were sold at an average price of $6.18, for a total value of $103,502.64.

Fastly Stock Down 6.2 %

Fastly stock opened at $7.67 on Friday. Fastly, Inc. has a 12-month low of $5.52 and a 12-month high of $25.87. The firm has a 50 day moving average of $7.09 and a 200 day moving average of $7.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.13 and a quick ratio of 4.13.

Fastly (NYSE:FSLY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.19%. The firm had revenue of $132.37 million during the quarter, compared to analysts’ expectations of $131.62 million. During the same period in the prior year, the company posted ($0.32) earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect that Fastly, Inc. will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently bought and sold shares of FSLY. Allspring Global Investments Holdings LLC boosted its stake in shares of Fastly by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,242 shares of the company’s stock worth $133,000 after acquiring an additional 863 shares during the period. Private Advisor Group LLC boosted its stake in Fastly by 155.4% in the 1st quarter. Private Advisor Group LLC now owns 41,133 shares of the company’s stock worth $533,000 after purchasing an additional 25,030 shares during the period. BNP Paribas Financial Markets grew its holdings in Fastly by 11.6% during the 1st quarter. BNP Paribas Financial Markets now owns 305,797 shares of the company’s stock valued at $3,966,000 after buying an additional 31,749 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Fastly during the first quarter valued at approximately $92,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Fastly by 364.2% in the first quarter. Quantbot Technologies LP now owns 68,824 shares of the company’s stock worth $893,000 after buying an additional 53,998 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on FSLY shares. Morgan Stanley cut their price objective on Fastly from $12.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. DA Davidson upped their price target on shares of Fastly from $5.50 to $7.50 and gave the company a “neutral” rating in a research report on Thursday. Piper Sandler raised their price objective on shares of Fastly from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird boosted their target price on shares of Fastly from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Craig Hallum increased their price target on shares of Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.94.

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.