Artur Bergman Sells 5,304 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 5,304 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $6.88, for a total transaction of $36,491.52. Following the completion of the sale, the chief technology officer now owns 3,669,058 shares of the company's stock, valued at approximately $25,243,119.04. The trade was a 0.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, February 19th, Artur Bergman sold 12,821 shares of Fastly stock. The stock was sold at an average price of $8.04, for a total transaction of $103,080.84.
• On Monday, February 10th, Artur Bergman sold 10,000 shares of Fastly stock. The stock was sold at an average price of $10.58, for a total transaction of $105,800.00.
• On Monday, February 3rd, Artur Bergman sold 10,000 shares of Fastly stock. The stock was 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 stock was 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 transaction 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 value of $40,834.00.

Fastly Price Performance

Shares of FSLY traded down $0.02 during midday trading on Monday, reaching $6.63. The stock had a trading volume of 4,260,809 shares, compared to its average volume of 3,324,201. The company has a market capitalization of $942.74 million, a price-to-earnings ratio of -5.81 and a beta of 1.31. 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, Inc. has a 12-month low of $5.52 and a 12-month high of $14.25. The company's 50-day moving average is $8.94 and its 200 day moving average is $8.17.

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Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative net margin of 29.07% and a negative return on equity of 12.75%. On average, equities analysts predict that Fastly, Inc. will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FSLY shares. Royal Bank of Canada lowered their price objective on Fastly from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Oppenheimer upgraded shares of Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 price target on the stock in a research note on Monday, December 2nd. Piper Sandler restated a "neutral" rating and set a $9.00 target price (down previously from $10.00) on shares of Fastly in a research report on Thursday, February 13th. Finally, Citigroup increased their price objective on Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Fastly presently has a consensus rating of "Hold" and a consensus price target of $8.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSLY. Vanguard Group Inc. increased its position in shares of Fastly by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 15,289,861 shares of the company's stock valued at $144,336,000 after acquiring an additional 103,440 shares during the period. Legal & General Group Plc grew its stake in Fastly by 2.4% in the fourth quarter. Legal & General Group Plc now owns 8,025,959 shares of the company's stock worth $75,765,000 after purchasing an additional 189,667 shares during the period. Penserra Capital Management LLC lifted its position in Fastly by 18.8% during the third quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company's stock valued at $38,418,000 after buying an additional 801,968 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Fastly during the 4th quarter valued at $35,334,000. Finally, First Trust Advisors LP grew its position in shares of Fastly by 4.9% in the 4th quarter. First Trust Advisors LP now owns 3,139,255 shares of the company's stock worth $29,635,000 after buying an additional 147,458 shares during the period. Institutional investors 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.