Thursday, November 09, 2017 10:15 PM ET
Insider Selling at Arista Networks (ANET) Continues with Significant Sale
There was a notable sale of shares of Arista Networks by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Jayshree Ullal, Director and Officer — disposed of 81,380 shares in the company having a market value of approximately $17,243,549. 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 31,962 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 113,342 shares and have averaged 28,336 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Arista Networks is above the 69-company peer group average. Communications & Networking peer group saw 93 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Arista Networks insiders was also higher. Within the peer group there were 35,976 shares purchased and 712,739 shares sold with company insiders having sold 7,277 shares on average.
The data sourced 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.
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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