Fastly, Inc. (NYSE:FSLY) CTO Sells $36,491.52 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 5,304 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $6.88, for a total transaction of $36,491.52. Following the completion of the transaction, the chief technology officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, February 19th, Artur Bergman sold 12,821 shares of Fastly stock. The shares were 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 shares were 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 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.

Fastly Stock Performance

Fastly stock opened at $6.66 on Friday. The company has a 50 day moving average price of $8.94 and a 200-day moving average price of $8.16. 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 fifty-two week low of $5.52 and a fifty-two week high of $14.25. The company has a market capitalization of $947.43 million, a PE ratio of -5.84 and a beta of 1.31.

Fastly (NYSE:FSLY) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that Fastly, Inc. will post -0.78 earnings per share for the current year.

Hedge Funds Weigh In On Fastly

Several institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fastly by 17.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,124 shares of the company’s stock valued at $2,484,000 after buying an additional 39,782 shares during the period. Voloridge Investment Management LLC increased its holdings in Fastly by 1.6% during the fourth quarter. Voloridge Investment Management LLC now owns 2,104,497 shares of the company’s stock valued at $19,866,000 after buying an additional 33,885 shares during the period. Vident Advisory LLC increased its holdings in Fastly by 190.2% during the fourth quarter. Vident Advisory LLC now owns 32,878 shares of the company’s stock valued at $310,000 after buying an additional 21,549 shares during the period. Two Sigma Advisers LP increased its holdings in Fastly by 226.2% during the fourth quarter. Two Sigma Advisers LP now owns 418,500 shares of the company’s stock valued at $3,951,000 after buying an additional 290,200 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Fastly by 179.3% during the fourth quarter. Two Sigma Investments LP now owns 1,101,329 shares of the company’s stock valued at $10,397,000 after buying an additional 707,053 shares during the period. 79.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup raised their price objective 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. Royal Bank of Canada decreased their price objective on shares of Fastly from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Piper Sandler reissued a “neutral” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Fastly in a research note on Thursday, February 13th. Finally, Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.