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

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 12,821 shares of the stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 3,374,012 shares of the company’s stock, valued at $27,127,056.48. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $10.58, for a total value 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 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $10.07, for a total value of $300,670.06.

Fastly Trading Down 6.9 %

Fastly stock opened at $7.28 on Friday. The stock has a market cap of $1.02 billion, a PE ratio of -6.38 and a beta of 1.26. The stock has a 50-day moving average price of $9.65 and a 200 day moving average price of $8.12. Fastly, Inc. has a 52 week low of $5.52 and a 52 week high of $14.90. 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 (NYSE:FSLY) last posted its quarterly earnings data 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 12.75% and a negative net margin of 29.07%. Equities research analysts predict that Fastly, Inc. will post -0.78 earnings per share for the current fiscal year.

Institutional Trading of Fastly

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Fastly by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 15,289,861 shares of the company’s stock worth $144,336,000 after buying an additional 103,440 shares during the last quarter. Legal & General Group Plc boosted its stake in Fastly by 2.4% in the 4th quarter. Legal & General Group Plc now owns 8,025,959 shares of the company’s stock worth $75,765,000 after buying an additional 189,667 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Fastly by 18.8% in the 3rd quarter. Penserra Capital Management LLC now owns 5,075,127 shares of the company’s stock worth $38,418,000 after buying an additional 801,968 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Fastly in the 4th quarter worth about $35,334,000. Finally, First Trust Advisors LP boosted its stake in 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 last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Craig Hallum increased their price objective on Fastly from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. DA Davidson increased their price objective on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada cut their price objective on Fastly from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Monday, December 2nd. One investment 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’s stock. According to MarketBeat, Fastly has a consensus 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.