Monday, November 20, 2017 10:15 PM ET
Insider Selling at Arista Networks (ANET) Continues with Significant Sale
A SEC filing today indicated a substantial insider sale of Arista Networks shares as — Jayshree Ullal, Director and Officer — disposed of 52,557 shares in the company having a market value of approximately $12,183,578. 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 259,405 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 311,962 shares and have averaged 62,392 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 above the 69-company peer group average. 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 1,041,070 shares sold with company insiders disposing of 9,121 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 create and write this story.
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