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Jayshree Ullal, CEO and Chairperson of Arista Networks , Inc. (NASDAQ:NYSE:ANET), sold a total of 52,698 shares of common stock on July 25, 2025, at a price of $115.0209, resulting in a total transaction value of approximately $7 million. The stock, which has gained 48% over the past year and currently trades at $118.64, appears overvalued according to InvestingPro analysis.
The sales were executed in multiple transactions with prices ranging from $115.00 to $115.09. Specifically, 8,376 shares were sold from a trust for Child 1, and another 8,376 shares from a trust for Child 2, with each block of shares valued at $963,415. Additionally, 43,946 shares were sold from a family trust, with a total value of $5,054,708. The timing of these sales is notable as Arista Networks maintains excellent financial health with a "GREAT" rating from InvestingPro, which offers comprehensive insider trading analysis among its 17+ ProTips for ANET.
These sales were conducted under pre-arranged Rule 10b5-1 trading plans. The sales for the benefit of the reporting person’s relatives were executed under a plan entered into on December 13, 2023, while the sales from the family trust were executed under a plan adopted on December 13, 2024.
Following these transactions, Ullal continues to hold 9,917 shares directly, 30,000 shares in a trust for a nephew, 30,000 shares in a trust for a niece, 6,259,611 indirectly by Trust for Child 1 and Child 2, and 23,845,504 by Trust.
In other recent news, Arista Networks has been actively expanding its enterprise networking capabilities. The company announced the acquisition of VeloCloud SD-WAN from Broadcom (NASDAQ:AVGO), introducing several new AI-driven products, including a compact fanless PoE switch and Wi-Fi 7 access points. These developments aim to enhance its branch edge networking capabilities. In terms of analyst opinions, Erste Group upgraded Arista Networks’ stock rating from Hold to Buy, citing progress in developing a cross-vendor ecosystem for AI networks. Citi raised its price target for Arista Networks to $123, maintaining a Buy rating and expressing optimism about the company’s second-half outlook. Goldman Sachs reiterated its Buy rating with a $115 price target following Arista’s introduction of new enterprise networking products. Additionally, KeyBanc initiated coverage of Arista Networks with an overweight rating and a $115 price target, emphasizing the company’s leadership in cloud and data center networking. These recent developments highlight Arista Networks’ strategic moves and favorable analyst outlooks.
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