Wednesday, October 11, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Arista Networks (ANET)
One insider — Kenneth Duda, Officer — today, sold 7,775 shares of Arista Networks having a market value of approximately $1,509,295, as disclosed in a form 4 document filed with the SEC. 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 256,045 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 263,820 shares and have averaged 52,764 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Arista Networks is greater than the 68-company peer group average. Communications & Networking peer group saw 100 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Arista Networks insiders was also higher. Within the peer group there were 60,976 shares purchased and 935,017 shares sold with company insiders having sold 8,740 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.
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