Artur Bergman Sells 10,928 Shares of Fastly, Inc. (NYSE:FSLY) Stock

Fastly, Inc. (NYSE:FSLYGet Free Report) CTO Artur Bergman sold 10,928 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $8.84, for a total transaction of $96,603.52. Following the sale, the chief technology officer now directly owns 6,244,124 shares in the company, valued at $55,198,056.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, February 26th, Artur Bergman sold 3,327 shares of Fastly stock. The stock was sold at an average price of $13.93, for a total value of $46,345.11.
  • On Tuesday, February 20th, Artur Bergman sold 8,387 shares of Fastly stock. The shares were sold at an average price of $15.03, for a total value of $126,056.61.

Fastly Trading Down 1.8 %

Shares of Fastly stock opened at $8.61 on Wednesday. The company’s fifty day moving average is $11.72 and its two-hundred day moving average is $15.65. Fastly, Inc. has a 1 year low of $7.83 and a 1 year high of $25.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.83 and a current ratio of 3.83. The company has a market capitalization of $1.18 billion, a P/E ratio of -8.61 and a beta of 1.21.

Wall Street Analysts Forecast Growth

FSLY has been the topic of several analyst reports. Craig Hallum cut shares of Fastly from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a report on Thursday, February 15th. Bank of America cut Fastly from a “buy” rating to an “underperform” rating and cut their price target for the company from $18.00 to $8.00 in a research note on Thursday, May 2nd. Royal Bank of Canada dropped their price objective on Fastly from $18.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, May 2nd. Piper Sandler raised Fastly from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $19.00 to $16.00 in a report on Monday, April 8th. Finally, DA Davidson downgraded shares of Fastly from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $8.50 in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.61.

Get Our Latest Research Report on Fastly

Hedge Funds Weigh In On Fastly

Several institutional investors have recently added to or reduced their stakes in the stock. Vista Investment Partners LLC acquired a new position in shares of Fastly in the first quarter valued at approximately $1,107,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Fastly by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,371 shares of the company’s stock worth $1,069,000 after acquiring an additional 4,498 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of Fastly by 41.1% in the first quarter. EntryPoint Capital LLC now owns 5,644 shares of the company’s stock valued at $73,000 after acquiring an additional 1,643 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Fastly by 94.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 960,864 shares of the company’s stock worth $12,453,000 after acquiring an additional 466,560 shares during the period. Finally, Lane Generational LLC boosted its holdings in Fastly by 79.1% in the 1st quarter. Lane Generational LLC now owns 207,822 shares of the company’s stock valued at $2,695,000 after purchasing an additional 91,757 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

About Fastly

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Fastly (NYSE:FSLY)

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