Wednesday, November 15, 2017 10:15 PM ET
Significant Insider Selling in Shares of Arista Networks (ANET) Continues
There was a substantial 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 72,443 shares in the company having a market value of approximately $16,369,058. 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 disposition of 186,962 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 259,405 shares and have averaged 51,881 shares per transaction over this time period.
Insiders at Arista Networks have a level of buy/sell trades that is above the 69-peer company average over the last 90-day period. The Communications & Networking peer group saw 97 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Arista Networks insiders was also higher. Within the peer group there were 156,376 shares purchased and 970,935 shares sold with company insiders disposing of 8,398 shares on average.
The data used 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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