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Artur Bergman, Chief Technology Officer of Fastly, Inc. (NYSE:FSLY), recently sold shares of the company valued at approximately $26,666, according to a filing with the Securities and Exchange Commission. The transaction, which took place on February 28, 2025, involved the sale of 4,016 shares of Fastly’s Class A Common Stock at a weighted average price of $6.64 per share. The sale comes amid challenging market conditions for Fastly, with the stock down over 30% year-to-date and 54% over the past year, according to InvestingPro data.
The sale was conducted to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units, as noted in the filing. Following this transaction, Bergman holds a direct ownership of 3,674,362 shares. Despite recent stock performance challenges, InvestingPro data shows the company maintains strong liquidity with a current ratio of 4.21, indicating robust ability to meet short-term obligations.
In addition to his direct holdings, Bergman maintains indirect ownership through various trusts, including The Per Artur Bergman Revocable Trust and several Grantor Retained Annuity Trusts, with a combined total of over 1.9 million shares.
Investors often scrutinize such transactions by company insiders, as they can provide insights into the executive’s view of the company’s future performance. However, it’s important to note that stock sales can occur for a variety of reasons unrelated to the company’s prospects.
In other recent news, Fastly Inc . reported its fourth-quarter 2024 earnings, revealing a larger-than-expected loss per share, though revenue slightly exceeded forecasts. The company posted a revenue of $140.6 million, surpassing expectations of $138.29 million, but its earnings per share (EPS) were a loss of $0.03, missing the forecasted loss of $0.0034. Despite this, Fastly’s full-year revenue grew by 7% to $544 million, with improvements in cash from operations rising to $16 million from $0.4 million in 2023. Analysts from DA Davidson, Citi, and Piper Sandler maintained a Neutral rating on Fastly, with DA Davidson setting a price target of $7.50, while Citi and Piper Sandler both lowered their targets to $9 from $10.
Citi analyst Fatima Boolani noted a modest revenue growth beat of approximately 2% year-over-year, primarily driven by performance outside Fastly’s top 10 customers. Piper Sandler highlighted Fastly’s resurgence in security offerings and better-than-expected performance in its Content Delivery Network services. However, concerns were raised about Fastly’s plans to increase sales and marketing expenditures, which are expected to reduce margins in 2025. Fastly’s guidance for 2025 suggests moderate revenue growth, with anticipated revenue in the range of $575 million to $585 million, excluding potential revenue from TikTok US traffic.
The company is focusing on expanding its international network capacity, which analysts warn may lead to margin compression. Fastly’s strategic focus on the EMEA and APAC regions is expected to increase capital expenditures, with the company prioritizing growth investments in anticipation of future gains. Despite these challenges, Fastly remains optimistic about its growth strategy, emphasizing new product introductions and improved customer acquisition efforts.
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