Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Artur Bergman, Chief Technology Officer of Fastly, Inc. (NYSE:FSLY), a $1.08 billion market cap edge cloud platform provider, sold 58,138 shares of Class A Common Stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were sold at a weighted average price of $7.41, for a total value of $430,802. The prices for the shares sold ranged from $7.27 to $7.50, close to the current trading price of $7.30. This sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 3, 2025. InvestingPro analysis indicates the company is not currently profitable, with a -$81.9M EBITDA over the last twelve months.
Following the transaction, Bergman directly owns 3,521,276 shares of Fastly’s Class A Common Stock. He also indirectly owns shares through various trusts, including The Per Artur Bergman Revocable Trust, The Artur Bergman Remainder Trust One DTD 5/2/2019, The Artur Bergman Remainder Trust Three DTD 5/2/2019, The Per Artur Bergman Grantor Retained Annuity Trust No. 3, The Per Artur Bergman Grantor Retained Annuity Trust No. 4 and The PAB 2021 Remainder Trust. Get deeper insights into Fastly’s financial health and valuation with a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Fastly Inc . has experienced several significant developments. The company recently saw its stock rating upgraded from Hold to Buy by Craig-Hallum, with a new price target set at $10.00. This upgrade reflects Fastly’s improved financial performance, highlighted by accelerated growth in security and delivery, as well as a notable increase in enterprise customer additions and doubled billings year-over-year. Additionally, Fastly has announced leadership changes, appointing Kip Compton as the new Chief Executive Officer, succeeding Todd Nightingale, who will remain as an advisor until mid-2025. In another leadership move, Richard Wong has been named the new Chief Financial Officer, effective August 2025, bringing extensive experience from his previous roles in the tech and finance sectors. Meanwhile, Raymond James has reiterated its Market Perform rating on Fastly, and Piper Sandler has maintained a Neutral rating with a $7.00 price target, following the CEO transition. These developments indicate ongoing strategic shifts within Fastly as it continues to evolve its leadership team and financial outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.