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

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 31,551 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $10.31, for a total transaction of $325,290.81. Following the completion of the sale, the chief technology officer now directly owns 3,394,136 shares in the company, valued at approximately $34,993,542.16. The trade was a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $10.12, for a total value of $101,200.00.
• 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 value 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 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 transaction 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 transaction 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 stock was sold at an average price of $8.07, for a total value of $396,866.46.

Fastly Price Performance

Shares of FSLY traded down $0.17 during midday trading on Monday, hitting $10.11. The company’s stock had a trading volume of 2,711,399 shares, compared to its average volume of 2,303,538. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Fastly, Inc. has a one year low of $5.52 and a one year high of $25.87. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -9.28 and a beta of 1.24. The company’s fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $7.88.

Fastly (NYSE:FSLY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. The business had revenue of $137.21 million for the quarter, compared to analyst estimates of $131.86 million. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. Fastly’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. As a group, equities analysts expect that Fastly, Inc. will post -0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastly

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSLY. 180 Wealth Advisors LLC raised its holdings in Fastly by 2.5% during the 4th 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 during the last quarter. The Manufacturers Life Insurance Company raised its stake in Fastly by 3.2% during the second 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. lifted its holdings in Fastly by 15.2% in the third quarter. Blue Trust Inc. now owns 17,420 shares of the company’s stock valued at $128,000 after buying an additional 2,296 shares during the period. FMR LLC lifted its holdings in Fastly by 124.2% in the third quarter. FMR LLC now owns 6,357 shares of the company’s stock valued at $48,000 after buying an additional 3,522 shares during the period. Finally, Wealth Effects LLC boosted its position in Fastly by 21.1% during the fourth quarter. Wealth Effects LLC now owns 28,651 shares of the company’s stock valued at $270,000 after acquiring an additional 5,000 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Oppenheimer raised Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a report on Monday, December 2nd. Piper Sandler raised their price target on shares of Fastly from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Craig Hallum boosted their price objective on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Robert W. Baird raised their target price on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, DA Davidson lifted 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, November 7th. One 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, Fastly presently has an average rating of “Hold” and a consensus target price of $8.85.

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.