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, February 10th. The shares were sold at an average price of $10.58, for a total transaction of $105,800.00. Following the completion of the transaction, the chief technology officer now owns 3,364,136 shares of the company’s stock, valued at $35,592,558.88. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, February 3rd, Artur Bergman sold 10,000 shares of Fastly stock. The shares were sold at an average price of $10.21, for a total value of $102,100.00.
• On Monday, January 27th, Artur Bergman sold 10,000 shares of Fastly stock. The stock was sold at an average price of $10.12, for a total value of $101,200.00.
• On Thursday, January 23rd, Artur Bergman sold 31,551 shares of Fastly stock. The shares were sold at an average price of $10.31, for a total value 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 stock was 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 transaction 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 transaction 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 value of $105,762.50.

Fastly Price Performance

FSLY opened at $10.10 on Thursday. The firm’s fifty day moving average is $10.02 and its two-hundred day moving average is $8.10. Fastly, Inc. has a twelve month low of $5.52 and a twelve month high of $23.94. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. Equities research analysts forecast that Fastly, Inc. will post -0.86 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Fastly

Several institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings 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 period. Blue Trust Inc. increased its position in shares of Fastly by 15.2% during the third quarter. Blue Trust Inc. now owns 17,420 shares of the company’s stock worth $128,000 after acquiring an additional 2,296 shares in the last quarter. Wealth Effects LLC raised its holdings in shares of Fastly by 86.9% during the third quarter. Wealth Effects LLC now owns 23,651 shares of the company’s stock worth $179,000 after acquiring an additional 11,000 shares during the period. International Assets Investment Management LLC lifted its position in Fastly by 308.0% in the 3rd quarter. International Assets Investment Management LLC now owns 76,101 shares of the company’s stock valued at $5,760,000 after acquiring an additional 57,448 shares in the last quarter. Finally, Entropy Technologies LP boosted its stake in Fastly by 118.7% in the 3rd quarter. Entropy Technologies LP now owns 39,803 shares of the company’s stock worth $301,000 after purchasing an additional 21,600 shares during the period. Institutional investors own 79.71% of the company’s stock.

About Fastly

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.