Fastly Inc’s recently made public that its Chief Technology Officer Bergman Artur unloaded Company’s shares for reported $0.11 million on Dec 09 ’24. In the deal valued at $11.36 per share,10,000 shares were sold. As a result of this transaction, Bergman Artur now holds 3,457,536 shares worth roughly $38.55 million.
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Then, Bergman Artur sold 90,501 shares, generating $961,121 in total proceeds. Upon selling the shares at $10.62, the Chief Technology Officer now owns 5,968,094 shares.
Before that, Bergman Artur sold 29,641 shares. Fastly Inc shares valued at $297,003 were divested by the Chief Technology Officer at a price of $10.02 per share. As a result of the transaction, Bergman Artur now holds 6,058,595 shares, worth roughly $67.55 million.
Oppenheimer upgraded its Fastly Inc [FSLY] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early October from “a Strong buy” to “a Mkt perform”. Piper Sandler also remained covering FSLY and has decreased its forecast on August 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. DA Davidson revised its rating on May 02, 2024. It rated FSLY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of FSLY
On Monday, Fastly Inc [NYSE:FSLY] saw its stock jump 6.39% to $11.15. Over the last five days, the stock has lost -1.68%. Fastly Inc shares have fallen nearly -37.36% since the year began. Nevertheless, the stocks have fallen -41.19% over the past one year. While a 52-week high of $25.87 was reached on 02/12/24, a 52-week low of $5.52 was recorded on 08/08/24. SMA at 50 days reached $8.03, while 200 days put it at $8.71.
Levels Of Support And Resistance For FSLY Stock
The 24-hour chart illustrates a support level at 10.60, which if violated will result in even more drops to 10.05. On the upside, there is a resistance level at 11.43. A further resistance level may holdings at 11.71. The Relative Strength Index (RSI) on the 14-day chart is 69.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.24%. Stochastics %K at 77.64% indicates the stock is a holding.
How much short interest is there in Fastly Inc?
A steep rise in short interest was recorded in Fastly Inc stocks on 2024-11-29, dropping by -1.93 million shares to a total of 9.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.84 million shares. There was a decline of -19.49%, which implies that there is a negative sentiment for the stock.
