SoFi stock falls after announcing $1.5B public offering of common stock
Director Charles H. Giancarlo of Arista Networks, Inc. (NASDAQ:ANET) sold a total of 8,000 shares of common stock on December 1, 2025, netting approximately $1,024,748. The sales occurred in multiple transactions with prices ranging from $126.928 to $128.5834. The current share price of $127.83 sits near the upper end of this transaction range, with the stock trading at a relatively high P/E ratio of 48.8.
The transactions were executed under a Rule 10b5-1 trading plan established on June 12, 2025. The shares sold were held indirectly by a family trust for which Giancarlo serves as co-trustee. This sale comes as Arista Networks has posted strong performance, with a 34.6% price increase over the past six months and 27.8% revenue growth in the last twelve months.
Specifically, the sales included three separate transactions: 564 shares sold at a weighted average price of $126.928 (price range $126.35 - $127.33), 4,552 shares at $127.9277 (price range $127.35 - $128.3479), and 2,884 shares at $128.5834 (price range $128.35 - $128.98).
Following the transactions, Giancarlo continues to indirectly own 25,784 shares through the trust and directly owns 221,578 shares of Arista Networks.
In other recent news, Arista Networks reported third-quarter revenues and fourth-quarter revenue guidance that exceeded expectations by approximately $50 million or 2% per quarter. Earnings per share also showed an upside ranging from 5% to 7%. Despite this, Arista’s top-line growth is decelerating, with a drop from 30% in the second quarter to 27% in the third quarter, and projections of approximately 22% for the fourth quarter. In response to these developments, Piper Sandler raised its price target on Arista Networks to $145, citing AI traction, while maintaining a Neutral rating. Meanwhile, Erste Group downgraded the stock from Buy to Hold, expressing concerns about its valuation relative to growth prospects. UBS, however, reiterated its Buy rating with a price target of $155, highlighting Arista’s growth outlook for the coming years. Additionally, Rosenblatt maintained a Neutral rating with a $140 price target. In other company news, ThredUp announced the appointment of Kelly Bodnar Battles to its Board of Directors, effective December 1, 2025, where she will serve as Audit Committee Chair.
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