Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 438,764 Shares of Stock

Key Points

• Arista Networks CEO Jayshree Ullal sold 438,764 shares of the company's stock at an average price of $143.84, resulting in a total transaction value of over $63 million.
• This sale represents a 7.31% decrease in Ullal's ownership, leaving her with approximately 5.56 million shares valued at over $800 million.
• Despite the insider selling, Arista Networks reported strong financial performance with revenues of $2.20 billion for the quarter, exceeding estimates and showing a 30.4% year-over-year growth.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 438,764 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $143.84, for a total transaction of $63,111,813.76. Following the transaction, the chief executive officer directly owned 5,563,176 shares of the company's stock, valued at $800,207,235.84. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jayshree Ullal also recently made the following trade(s):

• On Monday, August 25th, Jayshree Ullal sold 24,040 shares of Arista Networks stock. The stock was sold at an average price of $132.77, for a total value of $3,191,790.80.
• On Friday, August 8th, Jayshree Ullal sold 192,979 shares of Arista Networks stock. The shares were sold at an average price of $139.67, for a total value of $26,953,376.93.
• On Thursday, August 7th, Jayshree Ullal sold 345,856 shares of Arista Networks stock. The shares were sold at an average price of $139.93, for a total value of $48,395,630.08.
• On Wednesday, August 6th, Jayshree Ullal sold 1,785,165 shares of Arista Networks stock. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30.
• On Thursday, July 31st, Jayshree Ullal sold 880,180 shares of Arista Networks stock. The stock was sold at an average price of $124.79, for a total transaction of $109,837,662.20.
• On Wednesday, July 30th, Jayshree Ullal sold 288,820 shares of Arista Networks stock. The stock was sold at an average price of $122.19, for a total transaction of $35,290,915.80.
• On Tuesday, July 29th, Jayshree Ullal sold 588,000 shares of Arista Networks stock. The stock was sold at an average price of $119.15, for a total transaction of $70,060,200.00.
• On Monday, July 28th, Jayshree Ullal sold 527,302 shares of Arista Networks stock. The stock was sold at an average price of $115.59, for a total transaction of $60,950,838.18.
• On Friday, July 25th, Jayshree Ullal sold 60,698 shares of Arista Networks stock. The stock was sold at an average price of $115.02, for a total transaction of $6,981,483.96.
• On Monday, June 30th, Jayshree Ullal sold 748,444 shares of Arista Networks stock. The shares were sold at an average price of $102.43, for a total value of $76,663,118.92.

Arista Networks Stock Performance

Shares of NYSE ANET traded up $1.89 during trading on Tuesday, hitting $141.90. The company had a trading volume of 6,106,975 shares, compared to its average volume of 7,134,764. The stock has a 50 day simple moving average of $123.24 and a 200 day simple moving average of $98.78. The firm has a market capitalization of $178.35 billion, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 3.29 and a beta of 1.50. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $145.46.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of recent analyst reports. Wedbush started coverage on Arista Networks in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. The Goldman Sachs Group increased their target price on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a report on Wednesday, June 11th. Barclays reaffirmed an "overweight" rating and set a $151.00 price target (up previously from $119.00) on shares of Arista Networks in a research note on Thursday, August 7th. Finally, BNP Paribas cut shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Arista Networks currently has an average rating of "Moderate Buy" and a consensus price target of $138.79.

Institutional Investors Weigh In On Arista Networks

Hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen LLC bought a new position in shares of Arista Networks during the 1st quarter worth $933,626,000. Norges Bank purchased a new stake in shares of Arista Networks during the second quarter worth about $1,228,177,000. Nuveen Asset Management LLC lifted its holdings in shares of Arista Networks by 330.8% during the fourth quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock worth $1,248,169,000 after purchasing an additional 8,671,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Arista Networks by 278.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock worth $955,126,000 after acquiring an additional 6,357,753 shares during the period. Finally, AQR Capital Management LLC grew its position in Arista Networks by 153.8% during the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after purchasing an additional 4,678,372 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Company Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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