Monday, March 05, 2018 10:15 PM ET
Arista Networks (ANET) sees Significant Insider Sales Extending the Trend of Last Quarter
In SEC filings today Arista Networks disclosed three insiders — Ita M Brennan, Officer, Anshul Sadana, Officer, and Jayshree Ullal, Director and Officer — disposed of 23,500 shares in the company having a market value of approximately $6,341,932. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 57,919 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 81,419 shares and have averaged 13,570 shares per transaction over this time period.
Insiders at Arista Networks have a higher number of buy/sell trades than the 76-peer company average over the last 90-day period. However, the number of shares per average transaction for Arista Networks insider buy-sell trading is very close to the average of the Communications & Networking peer group of companies. This peer group saw 40,722 shares purchased and 1,274,840 shares sold resulting in an average of 13,562 shares traded and netting out with company insiders selling 12,723 shares on average.
The data obtained 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.
Today’s Insider Activity
* Ita M Brennan, Officer, sold 3,500 shares
* Anshul Sadana, Officer, sold 10,000 shares
* Jayshree Ullal, Director and Officer, sold 10,000 shares
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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