Fastly Inc (NYSE:FSLY) CEO Artur Bergman Sells 7,500 Shares

Fastly Inc (NYSE:FSLY) CEO Artur Bergman sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $21.58, for a total transaction of $161,850.00. Following the transaction, the chief executive officer now owns 310,389 shares in the company, valued at $6,698,194.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Monday, January 6th, Artur Bergman sold 25,741 shares of Fastly stock. The stock was sold at an average price of $22.50, for a total transaction of $579,172.50.
  • On Thursday, January 2nd, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $21.40, for a total transaction of $160,500.00.
  • On Thursday, December 26th, Artur Bergman sold 11,250 shares of Fastly stock. The shares were sold at an average price of $19.88, for a total transaction of $223,650.00.
  • On Thursday, December 19th, Artur Bergman sold 3,750 shares of Fastly stock. The shares were sold at an average price of $20.05, for a total transaction of $75,187.50.
  • On Thursday, December 12th, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $20.06, for a total transaction of $150,450.00.
  • On Thursday, December 5th, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $20.43, for a total transaction of $153,225.00.
  • On Friday, November 29th, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $20.31, for a total transaction of $152,325.00.
  • On Thursday, November 21st, Artur Bergman sold 22,500 shares of Fastly stock. The shares were sold at an average price of $22.39, for a total transaction of $503,775.00.
  • On Wednesday, November 13th, Artur Bergman sold 7,500 shares of Fastly stock. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00.

Shares of NYSE:FSLY traded down $0.38 on Friday, reaching $21.23. 807,591 shares of the company’s stock were exchanged, compared to its average volume of 1,226,713. The company has a fifty day moving average of $20.56 and a 200-day moving average of $22.14. Fastly Inc has a twelve month low of $14.12 and a twelve month high of $35.25.

Fastly (NYSE:FSLY) last announced its earnings results on Thursday, November 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.05. The business had revenue of $49.80 million for the quarter, compared to analyst estimates of $48.29 million. On average, research analysts expect that Fastly Inc will post -0.53 EPS for the current year.

Several large investors have recently made changes to their positions in FSLY. NEXT Financial Group Inc acquired a new position in shares of Fastly during the 3rd quarter worth approximately $34,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Fastly during the 2nd quarter worth approximately $41,000. AdvisorNet Financial Inc acquired a new position in shares of Fastly during the 3rd quarter worth approximately $76,000. Endurance Wealth Management Inc. acquired a new position in shares of Fastly during the 3rd quarter worth approximately $96,000. Finally, FNY Investment Advisers LLC grew its position in shares of Fastly by 54.1% during the 4th quarter. FNY Investment Advisers LLC now owns 6,193 shares of the company’s stock worth $124,000 after purchasing an additional 2,174 shares in the last quarter. Hedge funds and other institutional investors own 12.93% of the company’s stock.

FSLY has been the topic of a number of research reports. ValuEngine lowered shares of Fastly from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Zacks Investment Research upgraded shares of Fastly from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday. Piper Jaffray Companies upgraded shares of Fastly from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research note on Thursday, January 2nd. Finally, Citigroup upped their price target on shares of Fastly from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.36.

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

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