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

Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 10,000 shares of Fastly stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $10.58, for a total value of $105,800.00. Following the transaction, the chief technology officer now directly owns 3,364,136 shares in the company, valued at approximately $35,592,558.88. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 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 value 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 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 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 traded up $0.12 during trading on Friday, reaching $8.09. 5,269,424 shares of the stock were exchanged, compared to its average volume of 2,172,157. The business's 50 day moving average price is $9.93 and its two-hundred day moving average price is $8.11. 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 market capitalization of $1.13 billion, a price-to-earnings ratio of -7.42 and a beta of 1.26. Fastly, Inc. has a 1 year low of $5.52 and a 1 year high of $18.42.

Fastly (NYSE:FSLY - Get Free Report) last posted its 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 return on equity of 13.24% and a negative net margin of 27.47%. As a group, equities research analysts anticipate that Fastly, Inc. will post -0.86 earnings per share for the current year.

Institutional Trading of Fastly

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PDT Partners LLC lifted its position in shares of Fastly by 247.2% in the fourth quarter. PDT Partners LLC now owns 254,943 shares of the company's stock valued at $2,407,000 after acquiring an additional 181,519 shares in the last quarter. Northern Trust Corp lifted its position in shares of Fastly by 28.3% in the fourth quarter. Northern Trust Corp now owns 1,577,729 shares of the company's stock valued at $14,894,000 after acquiring an additional 348,451 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Fastly in the fourth quarter valued at $2,872,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Fastly in the fourth quarter valued at $2,448,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Fastly by 3.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 621,698 shares of the company's stock valued at $5,870,000 after acquiring an additional 21,832 shares in the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FSLY shares. Citigroup boosted their target price on Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Craig Hallum lifted their price target on Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Oppenheimer upgraded 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. DA Davidson lifted their price target on Fastly from $5.50 to $7.50 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price target on Fastly from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Thursday. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.55.

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.