Fastly, Inc. (NYSE:FSLY) CTO Sells $101,200.00 in Stock

Fastly, Inc. (NYSE:FSLY) CTO Artur Bergman sold 10,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $10.12, for a total value of $101,200.00. Following the transaction, the chief technology officer now directly owns 3,384,136 shares in the company, valued at approximately $34,247,456.32. The trade was a 0.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 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 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 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 stock was sold at an average price of $10.07, for a total transaction of $300,670.06.
• On Monday, November 18th, Artur Bergman sold 16,922 shares of Fastly stock. The stock was sold at an average price of $6.25, for a total transaction of $105,762.50.
• On Wednesday, November 6th, Artur Bergman sold 49,178 shares of Fastly stock. The shares were sold at an average price of $8.07, for a total transaction of $396,866.46.

Fastly Price Performance

Fastly stock traded down $0.17 during mid-day trading on Monday, reaching $10.11. The company had a trading volume of 2,711,399 shares, compared to its average volume of 2,303,538. The company has a market capitalization of $1.42 billion, a P/E ratio of -9.28 and a beta of 1.24. 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 stock’s 50-day simple moving average is $9.43 and its 200-day simple moving average is $7.88. Fastly, Inc. has a 1 year low of $5.52 and a 1 year high of $25.87.

Fastly (NYSE:FSLY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. The firm had revenue of $137.21 million during the quarter, compared to the consensus estimate of $131.86 million. During the same period in the previous year, the firm posted ($0.33) EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Fastly, Inc. will post -0.86 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on FSLY. Robert W. Baird boosted their target price on shares of Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Raymond James cut Fastly from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Oppenheimer raised Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research report on Monday, December 2nd. Royal Bank of Canada upped their price target on Fastly from $7.00 to $10.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Finally, DA Davidson raised their price objective on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.85.

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in shares of Fastly during the 2nd quarter worth about $38,000. FMR LLC raised its stake in Fastly by 124.2% during the third quarter. FMR LLC now owns 6,357 shares of the company’s stock worth $48,000 after purchasing an additional 3,522 shares during the period. Aigen Investment Management LP acquired a new position in shares of Fastly in the 3rd quarter valued at $89,000. Blue Trust Inc. grew its stake in shares of Fastly by 15.2% during the 3rd 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 during the period. Finally, Cim Investment Management Inc. acquired a new stake in shares of Fastly during the 2nd quarter worth $144,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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.