Is Fastly Stock a Buy or Sell After Its CTO Dumped 40,000 Shares?

Core Insights - Fastly's Chief Technology Officer, Artur Bergman, sold 40,000 shares for approximately $409,200, which aligns with his established trading pattern and reflects a reduction in his direct holdings [5][7] - The company reported record revenue of $158.2 million in Q3, up from $137.2 million the previous year, although it still faced an operating loss of $28.8 million [8] - Fastly's stock price has increased, reaching a 52-week high of $12.59, making it a less favorable time for new investments [9][10] Company Overview - Fastly provides edge cloud infrastructure, focusing on performance, security, and developer flexibility for global enterprises [6] - The company's strategy aims to expand its programmable edge capabilities to capitalize on growth in digital transformation and cloud-native application delivery [6] Trading Activity - Bergman's recent sale of 40,000 shares is double the median size of his previous transactions, indicating a shift in his trading activity as his direct ownership has decreased [4] - Post-transaction, Bergman retains 2,730,579 shares directly and has a total economic exposure of 7,180,828 shares, including indirect holdings [3][5] Market Context - The sale occurred during a period of rising stock prices, suggesting that it is part of a prearranged trading plan to avoid insider trading accusations [7] - Fastly's elevated price-to-sales ratio indicates that it may not be the best time to buy shares, with recommendations to wait for a price drop before investing [9][10]