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Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 306,139 Shares of Stock
Arista Networks CEO Jayshree Ullal sold 306,139 shares of ANET stock for over $51 million on April 20th, reducing her stake by 5.47%. This sale, along with other recent large transactions, was executed under a pre-arranged Rule 10b5-1 plan. Despite the insider selling, Arista’s stock increased by 2.9% after a Q1 earnings beat, and analysts largely maintain bullish ratings with an average target price near $177.83, supported by increased AI networking market assumptions.