Insider Selling: Fastly, Inc. (NYSE:FSLY) CTO Sells $102,100.00 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.21, for a total transaction of $102,100.00. Following the completion of the transaction, the chief technology officer now owns 3,374,136 shares in the company, valued at $34,449,928.56. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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 transaction 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 transaction of $325,290.81.
• 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 value 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 stock was 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 shares were sold at an average price of $6.25, for a total transaction of $105,762.50.

Fastly Stock Performance

Shares of FSLY opened at $10.08 on Friday. The stock has a market capitalization of $1.41 billion, a PE ratio of -9.25 and a beta of 1.26. The business’s fifty day moving average price is $9.96 and its 200 day moving average price is $8.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97. Fastly, Inc. has a 12-month low of $5.52 and a 12-month high of $25.87.

Fastly (NYSE:FSLY) last posted its quarterly earnings results 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. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The company had revenue of $137.21 million for the quarter, compared to the consensus estimate of $131.86 million. During the same period last year, the firm posted ($0.33) EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts forecast that Fastly, Inc. will post -0.86 EPS for the current year.

Institutional Investors Weigh In On Fastly

Several institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Fastly by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 68,301 shares of the company’s stock valued at $503,000 after purchasing an additional 2,128 shares during the last quarter. Algert Global LLC boosted its position in Fastly by 265.0% during the 2nd quarter. Algert Global LLC now owns 39,419 shares of the company’s stock valued at $291,000 after purchasing an additional 28,619 shares during the period. SG Americas Securities LLC grew its stake in Fastly by 77.5% during the 3rd quarter. SG Americas Securities LLC now owns 221,357 shares of the company’s stock worth $1,676,000 after buying an additional 96,664 shares during the last quarter. Blue Trust Inc. increased its position in Fastly by 15.2% in the third quarter. Blue Trust Inc. now owns 17,420 shares of the company’s stock worth $128,000 after buying an additional 2,296 shares during the period. Finally, Wealth Effects LLC lifted its stake in Fastly by 86.9% in the third quarter. Wealth Effects LLC now owns 23,651 shares of the company’s stock valued at $179,000 after buying an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FSLY shares. Citigroup boosted their price objective on shares of Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. DA Davidson increased 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. Robert W. Baird lifted their price objective on Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Monday, December 2nd. Finally, Craig Hallum raised 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.85.

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.