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Kenneth Duda, President and CTO of Arista Networks Inc (NASDAQ:ANET), sold a total of 55,653 shares of common stock on November 17, 2025, for approximately $7.2 million. The sales occurred in multiple transactions with prices ranging from $125.8977 to $132.2978. Arista, currently valued at $157 billion with shares trading at $124.82, appears overvalued according to InvestingPro analysis. The stock has shown impressive 30.46% returns over the past six months despite trading at a high P/E ratio of 47.7.
Specifically, Duda sold 21,755 shares directly, realizing approximately $2.8 million.
Additionally, 14,160 shares were sold by a children’s trust for which Duda serves as co-trustee, with proceeds totaling roughly $2.1 million.
Furthermore, Duda’s 501(c) Foundation, for which Duda and his spouse serve as co-trustees, sold 7,231 shares for around $1.3 million.
On the same day, Duda also exercised options to acquire 30,000 shares of Arista Networks common stock at a price of $3.515 per share, for a total value of $105,450.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which was adopted on March 13, 2025.
In other recent news, Arista Networks reported strong third-quarter financial results, with earnings per share reaching $0.75, surpassing the projected $0.71. The company also exceeded revenue expectations, reporting $2.31 billion against the anticipated $2.26 billion. Despite these positive results, the company’s stock experienced a decline in after-hours trading. Piper Sandler raised its price target for Arista Networks to $145, citing the company’s traction in artificial intelligence, although it maintained a Neutral rating. Erste Group downgraded Arista Networks from Buy to Hold, expressing concerns over the stock’s valuation in relation to its growth prospects. Meanwhile, Rosenblatt reaffirmed its Neutral rating, noting that the company’s revenue and earnings per share exceeded expectations, but highlighted a deceleration in top-line growth. In other developments, ThredUp announced the appointment of Kelly Bodnar Battles to its Board of Directors, where she will serve as Audit Committee Chair starting December 1, 2025. Battles brings extensive finance and strategy experience to ThredUp, having held CFO positions at several companies.
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