Artur Bergman Sells 10,000 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 10,000 shares of the company’s 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 sale, the chief technology officer now directly owns 3,364,136 shares of the company’s stock, valued at $35,592,558.88. The trade was a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 transaction of $102,100.00.
• 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 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 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 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 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 stock was sold at an average price of $6.25, for a total transaction of $105,762.50.

Fastly Stock Performance

Shares of FSLY stock opened at $7.97 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of -7.31 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 3.97. The company has a fifty day moving average price of $10.03 and a two-hundred day moving average price of $8.11. Fastly, Inc. has a one year low of $5.52 and a one year high of $23.68.

Fastly (NYSE:FSLY) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. As a group, equities analysts predict that Fastly, Inc. will post -0.86 EPS for the current year.

Wall Street Analyst Weigh In

FSLY has been the subject of several research reports. DA Davidson increased their price objective 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. Oppenheimer upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Monday, December 2nd. Robert W. Baird increased 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. Citigroup increased 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. Finally, Royal Bank of Canada reduced their target price on shares of Fastly from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.55.

Institutional Trading of Fastly

A number of hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Fastly during the 4th quarter worth about $82,000. Marshall Wace LLP acquired a new stake in shares of Fastly during the 4th quarter worth about $7,618,000. Zacks Investment Management lifted its stake in shares of Fastly by 5.3% during the 4th quarter. Zacks Investment Management now owns 127,203 shares of the company’s stock worth $1,201,000 after buying an additional 6,424 shares during the last quarter. Mariner LLC lifted its stake in shares of Fastly by 18.0% during the 4th quarter. Mariner LLC now owns 22,868 shares of the company’s stock worth $216,000 after buying an additional 3,487 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fastly during the 4th quarter worth about $3,717,000. Institutional investors and hedge funds 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.