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Arista Networks director Giancarlo sells $936k in stock

Published 06/08/2025, 00:36
Arista Networks director Giancarlo sells $936k in stock
ANET
0.36%

Director Charles H. Giancarlo of Arista Networks , Inc. (NASDAQ:NYSE:ANET), a prominent player in the Communications Equipment industry with a market capitalization of $149 billion, sold 7,990 shares of common stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed at weighted average prices ranging from $116.0858 to $117.9637, resulting in total proceeds of approximately $936,043. InvestingPro analysis indicates the stock is trading at premium valuations, with multiple ProTips highlighting its high valuation multiples.

The sales were executed in multiple transactions. Specifically, 1,802 shares were sold at prices ranging from $115.46 to $116.44; 4,357 shares were sold at prices ranging from $116.51 to $117.50; and 1,841 shares were sold at prices ranging from $117.51 to $118.32.

Following the transactions, Giancarlo continues to indirectly own 57,784 shares of Arista Networks through a family trust and directly owns 219,636 shares. He also indirectly owns 50,000 shares through a Charitable Remainder Trust.

The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which was established on June 14, 2024.

In other recent news, Arista Networks reported robust financial results for the second quarter of 2025. The company achieved earnings per share of $0.73, which exceeded the forecasted $0.65. Additionally, Arista Networks reported revenue of $2.21 billion, surpassing the anticipated $2.1 billion. These figures indicate a strong performance for the company, reflecting better-than-expected earnings and revenue. The positive financial results have been a significant highlight for investors. These developments come amidst a period of continued interest in the company’s financial health. The earnings announcement has been a focal point for market analysts and investors alike.

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