Wednesday, February 28, 2018 10:15 PM ET
Insider Sale at Arista Networks (ANET) Continues Selling Trend
There was a notable insider sale of Arista Networks shares today, as indicated in a filing with the SEC as — Anshul Sadana, Officer — sold 21,219 shares in the company having a market value of approximately $5,404,750 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 sale of 36,700 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 57,919 shares and have averaged 14,480 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 76-company peer group average. Communications & Networking peer group saw 95 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 8,000 shares purchased and 1,209,032 shares sold with company insiders having sold 12,642 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 compose 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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