Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 56,548 Shares of Stock

Key Points

• Arista Networks CEO Jayshree Ullal sold 56,548 shares at an average price of $143.56, totaling approximately $8.12 million, decreasing her ownership by 1.01%.
• The company's stock reached $150.96, with a market cap of around $189.74 billion, demonstrating strong performance as it surpassed its 52-week high of $151.71.
• Arista Networks posted earnings of $0.73 per share for the last quarter, surpassing analyst expectations, and reported a 30.4% revenue increase year-over-year.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 56,548 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $143.56, for a total value of $8,118,030.88. Following the completion of the sale, the chief executive officer owned 5,555,373 shares in the company, valued at approximately $797,529,347.88. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, September 5th, Jayshree Ullal sold 438,764 shares of Arista Networks stock. The shares were sold at an average price of $143.84, for a total value of $63,111,813.76.
• 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 transaction of $3,191,790.80.
• On Friday, August 8th, Jayshree Ullal sold 192,979 shares of Arista Networks stock. The stock was sold at an average price of $139.67, for a total transaction of $26,953,376.93.
• On Thursday, August 7th, Jayshree Ullal sold 345,856 shares of Arista Networks stock. The stock was sold at an average price of $139.93, for a total transaction 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 value of $109,837,662.20.
• On Wednesday, July 30th, Jayshree Ullal sold 288,820 shares of Arista Networks stock. The shares were sold at an average price of $122.19, for a total value of $35,290,915.80.
• On Tuesday, July 29th, Jayshree Ullal sold 588,000 shares of Arista Networks stock. The shares were 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 shares were 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 value of $6,981,483.96.

Arista Networks Stock Performance

ANET traded up $9.05 during trading hours on Wednesday, reaching $150.96. The company's stock had a trading volume of 19,754,300 shares, compared to its average volume of 7,069,647. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $151.71. The firm has a market cap of $189.74 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 3.34 and a beta of 1.50. The company's 50-day moving average is $124.09 and its 200-day moving average is $99.08.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bare Financial Services Inc boosted its holdings in shares of Arista Networks by 2,118.2% during the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock worth $25,000 after buying an additional 233 shares in the last quarter. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after acquiring an additional 230 shares during the period. Cloud Capital Management LLC bought a new position in Arista Networks during the first quarter worth $30,000. Saudi Central Bank acquired a new stake in Arista Networks in the first quarter worth $33,000. Finally, REAP Financial Group LLC increased its stake in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Analysts Set New Price Targets

ANET has been the subject of a number of research reports. Evercore ISI set a $150.00 target price on Arista Networks and gave the stock an "outperform" rating in a report on Wednesday, August 6th. UBS Group boosted their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Redburn Atlantic assumed coverage on Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target for the company. Finally, Wedbush started coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They issued an "outperform" rating for the company. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $138.79.

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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