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Arista Networks (NYSE:ANET) CEO Sells $75,944,320.00 in Stock
Arista Networks (NYSE:ANET) CEO Jayshree Ullal sold 428,000 shares of the company’s stock for over $75.9 million on April 22nd, as part of a pre-arranged 10b5-1 trading plan. This sale, along with other recent transactions in April, totals approximately $216 million in stock sold by Ullal, reducing her position by 7.59%. Despite these insider sales, ANET shares traded up, and analysts maintain a bullish outlook with a consensus “Buy” rating, citing strong Q1 results and increasing demand from AI and data center segments.