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Artur Bergman, Chief Technology Officer at Fastly, Inc. (NYSE:FSLY), has recently sold 558 shares of Class A Common Stock. The shares were sold at an average price of $7.42 each, amounting to a total transaction value of $4,140. The stock currently trades at $7.28, and according to InvestingPro analysis, Fastly appears undervalued with analyst targets ranging from $5 to $9. Following this sale, Bergman retains direct ownership of 3,627,406 shares.
The sale was conducted to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units. In addition to his direct holdings, Bergman also holds shares indirectly through various trusts, including The Per Artur Bergman Revocable Trust and The Artur Bergman Remainder Trusts, among others.
These transactions are part of routine financial management and do not necessarily reflect a change in the executive’s outlook on the company’s performance. InvestingPro subscribers can access detailed analysis of Fastly’s financial health, which is currently rated as FAIR, along with 6 additional ProTips and comprehensive metrics in the Pro Research Report.
In other recent news, Fastly Inc . reported its first-quarter 2025 earnings, revealing a revenue of $144.5 million, which exceeded analysts’ forecasts. The company’s earnings per share (EPS) of -$0.05 also surpassed the expected -$0.06, highlighting a strong start to the year. Fastly raised its 2025 revenue guidance to between $585 million and $595 million, reflecting a 9% growth projection. Additionally, Fastly appointed Albert Thong as Chief Marketing Officer and Tara Seracka as Chief Legal Officer, marking a strategic leadership enhancement. Analyst firm DA Davidson adjusted its price target for Fastly to $6.50 from $7.50, maintaining a neutral stance, while Piper Sandler raised its price target to $7.00, also maintaining a neutral rating. William Blair analysts maintained a Market Perform rating, noting Fastly’s impressive quarterly performance and revenue diversification efforts. Fastly’s free cash flow turned positive for the first time in eight quarters, marking a significant financial improvement.
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