Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Fastly, Inc. (NYSE:FSLY), a $1.28 billion market cap technology company, saw Director and Chief Technology Officer Artur Bergman sell 19,900 shares of Class A Common Stock on September 15, 2025, according to a recent SEC Filing. The sales were executed in multiple transactions with prices ranging from $7.89 to $9.06, netting Bergman approximately $171,210. The stock has shown strong momentum recently, gaining 14.4% in the past week, according to InvestingPro data.
The transactions involved two separate sales. The first sale consisted of 17,062 shares sold at a price of $8.49 per share. The second sale involved 2,938 shares at a price of $8.97 per share.
Following these transactions, Bergman directly owns 3,481,276 shares of Fastly, Inc. Class A Common Stock. He also indirectly owns 2,500,558 shares through The Per Artur Bergman Revocable Trust, 840,005 shares through The Artur Bergman Remainder Trust One DTD 5/2/2019, 109,686 shares through The Artur Bergman Remainder Trust Three DTD 5/2/2019, 50,481 shares through The Per Artur Bergman Grantor Retained Annuity Trust No. 3, 792,998 shares through The Per Artur Bergman Grantor Retained Annuity Trust No. 4 and 156,521 shares through The PAB 2021 Remainder Trust.
The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 3, 2025. Based on InvestingPro’s Fair Value analysis, Fastly currently appears undervalued, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, Fastly Inc. reported notable developments, including an upgrade from Craig-Hallum, which raised its stock rating from Hold to Buy, citing financial improvements and setting a price target of $10.00. This upgrade follows Fastly’s quarterly performance, highlighting growth in security and delivery, with enterprise customer additions reaching their highest since late 2022. The company also announced a leadership change, with Richard Wong set to become the new Chief Financial Officer in August 2025, succeeding Ronald W. Kisling. Wong brings extensive experience from his previous roles at Benchling, Houzz Inc., LinkedIn, and Yahoo!.
Additionally, Raymond James reiterated a Market Perform rating on Fastly, while Piper Sandler maintained a Neutral rating with a $7.00 price target amid a CEO transition. The outgoing CEO, Todd Nightingale, will be joining Arista Networks, taking with him significant networking expertise. These recent developments reflect ongoing changes and strategic moves within Fastly, capturing the attention of analysts and investors alike.
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