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Insider Selling at Arista Networks (ANET) Continues with Significant Sale

05/11/2021 18:20

10:20 PM EDT, 05/11/2021 (MT Newswires) -- A filing with the SEC today revealed a substantial insider sale of Arista Networks shares as -- Kenneth Duda, Officer -- sold 5,505 shares in the company having a market value of approximately $1,789,810. There have been 6 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 17,645 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 23,150 shares and have averaged 3,307 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Arista Networks is higher than its 79-company peer group average. The Communications & Networking peer group saw 103 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Arista Networks insiders is lower than its peers. Within the peer group there were 49,904 shares purchased and 1,708,620 shares sold with company insiders selling 16,104 shares on average over this time period.

The data obtained in composing 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.

[Disclaimer]
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.