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Insider Selling: Arista Networks (NYSE:ANET) Director Sells 8,000 Shares of Stock
Arista Networks (NYSE:ANET) Director Charles Giancarlo sold 8,000 shares of the company’s stock on March 2nd at an average price of $128.67, totaling over $1 million, and reducing his direct ownership by 81.77%. This insider sale follows a strong Q4 performance where Arista beat analyst EPS and revenue expectations. Analysts currently hold a “Moderate Buy” consensus rating for ANET with a target price of $176.88.