Fastly CTO Artur Bergman sells $1.08 million in company stock

Artur Bergman, Chief Technology Officer and a Director at Fastly, Inc. (NASDAQ:FSLY), sold a total of $1,083,322 worth of the company’s Class A Common Stock in multiple transactions on October 9 and October 12, 2026. These sales were executed under a Rule 10b5-1 trading plan, which was adopted by Bergman on June 4, 2026.

The transactions included the disposition of 3,002 shares on October 9 and an additional 37,039 shares on October 12. The shares were sold at prices ranging from $26.62 to $30.07. The stock currently trades at $25, reflecting a remarkable 198% gain over the past year and a 146% year-to-date return, according to InvestingPro data.

Following these transactions, Bergman continues to hold a substantial number of Fastly shares directly and indirectly through various trusts, including The Per Artur Bergman Revocable Trust, of which he is settlor, sole trustee, and sole beneficiary. For deeper insights into Fastly’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Fastly Inc. has seen several notable developments. Oppenheimer upgraded Fastly’s stock rating to Outperform, setting a price target of $35, citing increased adoption of new security products and early monetization of AI traffic as key drivers. DA Davidson, however, maintained a Neutral rating with a $23 price target, expressing that while AI agents like Muse will generate additional traffic, the impact on revenue growth may not be significant in the near term. Meanwhile, RBC Capital reiterated a Sector Perform rating with a $25 price target following Fastly’s investor day, where the company projected a revenue compound annual growth rate of 14% to 21% through fiscal year 2029. DA Davidson also lowered its price target from $26 to $23 due to valuation concerns, despite maintaining a Neutral rating. Social media analysis by Odd Diligence suggested that Fastly might handle a significant portion of traffic for Meta’s Muse AI assistant, which led to a surge in the company’s stock. Fastly’s management remains focused on delivering a unified platform and expanding product suite adoption beyond content delivery network services.