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Artur Bergman, Chief Technology Officer of Fastly, Inc. (NYSE:FSLY), recently sold a portion of his holdings in the company. According to a recent SEC filing, Bergman sold 5,304 shares of Class A Common Stock at a weighted average price of $6.88 per share, slightly above the current trading price of $6.50. The transactions, executed on March 5, 2025, resulted in a total sale value of approximately $36,491. According to InvestingPro data, Fastly currently has a market capitalization of $919 million and maintains a "Fair" overall financial health score.
Following these transactions, Bergman retains direct ownership of 3,669,058 shares. Additionally, indirect ownership is distributed across various trusts, including The Per Artur Bergman Revocable Trust and The Artur Bergman Remainder Trusts, among others. These trusts collectively hold a significant number of shares, reflecting Bergman’s continued substantial investment in Fastly. The stock has shown recent weakness, with InvestingPro analysis indicating a 47% decline over the past year, though analyst targets suggest potential upside from current levels.
The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest. The shares were sold in multiple transactions with prices ranging from $6.59 to $7.03, as part of this plan. Despite recent stock performance challenges, Fastly maintains strong liquidity with a current ratio of 4.21, indicating robust ability to meet short-term obligations. For deeper insights into Fastly’s financial health and valuation metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Fastly Inc . reported its fourth-quarter 2024 earnings, revealing a larger-than-expected loss per share while slightly exceeding revenue forecasts. The company’s earnings per share were a loss of $0.03, missing the forecasted loss of $0.0034, with revenue reaching $140.6 million, surpassing expectations of $138.29 million. DA Davidson maintained its Neutral rating on Fastly with a $7.50 price target, noting slight revenue increases but significant declines in other financial metrics. Similarly, Citi adjusted Fastly’s price target to $9 from $10, maintaining a Neutral rating, citing modest revenue growth and challenges in margin expectations. Piper Sandler also reduced its price target to $9 while keeping a Neutral stance, pointing to increased sales and marketing expenditures as well as international expansion plans that could impact margins. Fastly’s guidance for 2025 indicates a revenue range of $575 million to $585 million, reflecting anticipated growth of 7%, though concerns about profitability and market competition remain. The company’s strategic focus includes expanding its presence in international markets and enhancing its security offerings. These developments reflect the company’s ongoing efforts to navigate market challenges and pursue growth opportunities.
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