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Insider Trends: Insider Sales Add to 90-Day Trend at Arista Networks

05/10/2021 15:21

07:11 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Cto and SVP Software Eng., Kenneth Duda, executed a sale of 5,505 shares in Arista Networks (ANET) for $1,789,810. Duda, after the transactions designated in the SEC Form 4 filing, controls 322,973 shares of company stock of which 811 shares are held directly and 322,162 shares are owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $106.1 million.

Over the last 90 days, previous to the date of this filing, there have been 77 insider transactions reported to the SEC for Arista Networks. These transactions came from the activities of 13 individual insiders that resulted in a net disposition of 98,097 company shares. In the preceding 90-day window of time, there were 83 transactions from 13 insiders and resulted in the net disposition of 556,588 shares.

This is less than the average level of insider transactions in the 79-company Communications & Networking peer group over the last 90-day period. Within the peer group activity averaged 120.1 transactions per company, and disposition of 14,581 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1596532/000159653221000155/xslF345X03/edgardoc.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.