JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Arista Networks (NYSE:ANET) NASDAQ:ANET CEO Jayshree Ullal reported selling a total of 192,979 shares of common stock on August 8, 2025, at a price of $139.6707, resulting in approximately $27 million. The sale comes as the stock trades near its 52-week high of $141.75, having surged nearly 20% in the past week alone. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, the sales were executed in multiple transactions with prices ranging from $139.50 to $140.00.
Specifically, Ullal sold 26,625 shares from trusts for Child 1 and Child 2, respectively, and 139,729 shares held by a family trust, for a total of $7,437,464 and $19,516,047, respectively.
The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024. Following the transactions, Ullal continues to hold shares indirectly through various trusts.
In other recent news, Arista Networks reported impressive second-quarter results, surpassing expectations across all metrics. The company’s product billings grew by over 50%, highlighting its strong performance despite its large scale. Following these results, several firms adjusted their price targets for Arista Networks. Piper Sandler raised its price target to $143, maintaining a Neutral rating, while KeyBanc increased its target to $145, citing strong demand in artificial intelligence and growth in the Enterprise and Campus markets. Needham also raised its price target to $155, maintaining a Buy rating, after Arista’s significant guidance increase for the second half of the year, projecting up to 22% year-over-year growth. JPMorgan followed suit, raising its price target to $150, noting the company’s updated fiscal year 2025 revenue growth guidance from 17% to 25%. Raymond (NSE:RYMD) James reiterated its Market Perform rating, observing that Arista’s remaining performance obligations and bookings strength aligned with its previous earnings announcement. These developments reflect a positive sentiment among analysts regarding Arista Networks’ future performance.
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