Insider at Arista Networks (ANET) Makes Significant Sale of Stock

Wednesday, October 18, 2017 10:15 PM ET

Insider at Arista Networks (ANET) Makes Significant Sale of Stock

A SEC filing today indicated a substantial insider sale of Arista Networks shares as — Anshul Sadana, Officer — disposed of 12,000 shares in the company having a market value of approximately $2,279,347. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 251,820 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 65,955 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Arista Networks is higher than the 68-company peer group average. Communications & Networking peer group saw 101 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 947,891 shares sold with company insiders selling 8,781 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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