Tuesday, September 12, 2017 10:15 PM ET
Significant Insider Selling in Shares of Arista Networks (ANET) Continues
A substantial insider sale of the shares of Arista Networks was disclosed in a form 4 document filed with the SEC today, showing — Kenneth Duda, Officer — sold 8,687 shares in the company having a market value of approximately $1,519,683. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 410,435 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 419,122 shares and have averaged 83,824 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Arista Networks is higher than the 66-company peer group average. Communications & Networking peer group saw 106 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Arista Networks insiders was also higher. Within the peer group there were 44,500 shares purchased and 1,189,587 shares sold with company insiders selling 10,803 shares on average.
The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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