Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman Sells 12,821 Shares

Fastly, Inc. (NYSE:FSLY - Get Free Report) CTO Artur Bergman sold 12,821 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.04, for a total value of $103,080.84. Following the sale, the chief technology officer now owns 3,374,012 shares in the company, valued at approximately $27,127,056.48. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 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 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 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 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 shares were sold at an average price of $10.07, for a total transaction of $300,670.06.

Fastly Stock Performance

Shares of NYSE:FSLY traded down $0.15 on Tuesday, hitting $6.77. 1,354,827 shares of the company were exchanged, compared to its average volume of 3,136,463. The firm has a market capitalization of $949.13 million, a price-to-earnings ratio of -5.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97. Fastly, Inc. has a one year low of $5.52 and a one year high of $14.76. The company's 50 day moving average price is $9.57 and its two-hundred day moving average price is $8.14.

Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.21) earnings per share 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%. Research analysts expect that Fastly, Inc. will post -0.78 earnings per share for the current year.

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of 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 in the last quarter. International Assets Investment Management LLC raised its holdings in Fastly by 308.0% during the third quarter. International Assets Investment Management LLC now owns 76,101 shares of the company's stock worth $5,760,000 after buying an additional 57,448 shares during the last quarter. Entropy Technologies LP raised its position in Fastly by 118.7% in the 3rd quarter. Entropy Technologies LP now owns 39,803 shares of the company's stock valued at $301,000 after buying an additional 21,600 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Fastly in the 3rd quarter valued at about $89,000. Finally, Intech Investment Management LLC purchased a new position in Fastly in the third quarter worth $328,000. Institutional investors own 79.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler reiterated a "neutral" rating and issued a $9.00 price target (down from $10.00) on shares of Fastly in a research note on Thursday, February 13th. Citigroup raised their price target on shares of Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Robert W. Baird boosted their target price on shares of Fastly from $7.00 to $8.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. DA Davidson upped their price target on Fastly from $5.50 to $7.50 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Craig Hallum raised their target price on shares of Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued 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 price target of $8.55.

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.