Artur Bergman Sells 13,706 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLY – Get Rating) insider Artur Bergman sold 13,706 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $13.17, for a total transaction of $180,508.02. Following the sale, the insider now directly owns 6,516,654 shares in the company, valued at approximately $85,824,333.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, April 24th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.95, for a total transaction of $178,049.85.
• On Monday, April 17th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.79, for a total transaction of $176,263.77.
• On Monday, April 10th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.48, for a total transaction of $172,803.24.
• On Monday, April 3rd, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $16.76, for a total transaction of $187,091.88.
• On Monday, March 27th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $16.27, for a total transaction of $181,622.01.
• On Monday, March 20th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.31, for a total transaction of $170,905.53.
• On Thursday, March 16th, Artur Bergman sold 11,163 shares of Fastly stock. The shares were sold at an average price of $15.75, for a total transaction of $175,817.25.
• On Monday, March 6th, Artur Bergman sold 32,388 shares of Fastly stock. The shares were sold at an average price of $15.19, for a total transaction of $491,973.72.
• On Wednesday, March 1st, Artur Bergman sold 2,420 shares of Fastly stock. The shares were sold at an average price of $13.94, for a total transaction of $33,734.80.
• On Tuesday, February 21st, Artur Bergman sold 1,101 shares of Fastly stock. The shares were sold at an average price of $15.50, for a total transaction of $17,065.50.

Fastly Trading Down 2.6 %

NYSE:FSLY opened at $12.89 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.28 and a current ratio of 5.28. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -9.21 and a beta of 1.31. Fastly, Inc. has a 52 week low of $7.15 and a 52 week high of $18.08. The firm has a 50-day moving average price of $15.02 and a two-hundred day moving average price of $12.03.

Fastly (NYSE:FSLY – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.09. The firm had revenue of $119.32 million during the quarter, compared to analyst estimates of $114.39 million. Fastly had a negative net margin of 38.22% and a negative return on equity of 20.22%. On average, equities analysts expect that Fastly, Inc. will post -1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management bought a new position in shares of Fastly during the 1st quarter valued at approximately $53,000. Steward Partners Investment Advisory LLC grew its position in shares of Fastly by 886.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the company’s stock valued at $39,000 after acquiring an additional 1,977 shares during the period. Geode Capital Management LLC grew its position in shares of Fastly by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 2,169,788 shares of the company’s stock valued at $38,535,000 after acquiring an additional 99,909 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Fastly during the 1st quarter valued at approximately $1,856,000. Finally, Brookfield Corp ON bought a new position in shares of Fastly during the 1st quarter valued at approximately $1,155,000. 60.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of Fastly from $7.00 to $8.00 and gave the company a “sell” rating in a report on Tuesday, February 21st. Piper Sandler upped their target price on shares of Fastly from $10.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. 92 Resources restated a “maintains” rating on shares of Fastly in a report on Thursday, May 4th. Credit Suisse Group upped their target price on shares of Fastly from $9.50 to $11.50 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Finally, Robert W. Baird upped their target price on shares of Fastly from $10.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

About Fastly

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Fastly, Inc provides real-time content delivery network services. It offers edge compute, edge delivery, edge security, edge applications like load balancing and image optimization, video on demand, and managed edge delivery. The company was founded by Artur Bergman, Tyler McMullen, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.