Arista Networks (NYSE:ANET) CEO Jayshree Ullal Sells 93,861 Shares

April 24, 2026 by InsiderTrades.com

Key Points

Arista CEO Jayshree Ullal executed multiple insider sales in April under a pre‑arranged Rule 10b5‑1 plan — including 93,861 shares on April 21 for about $15.82 million — reducing her stake by roughly 1.75% and totaling tens of millions of dollars in sales.
Arista posted strong quarterly results (EPS $0.82 vs $0.75; revenue $2.49B vs $2.38B, +28.9% YoY) and analysts are bullish on its AI‑networking opportunity—raising price targets and maintaining a consensus "Buy" with a ~$177.8 target, citing potential benefits from Google’s "Virgo" datacenter move.
Despite positive fundamentals and heavy institutional ownership (~82%), the stock was down modestly (~2.9% that day) and trades at a premium valuation (market cap ~ $217B, P/E ~62.5), leaving sensitivity to near‑term selling and earnings catalysts.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 93,861 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $168.57, for a total value of $15,822,148.77. Following the completion of the sale, the chief executive officer owned 5,273,207 shares in the company, valued at approximately $888,904,503.99. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Jayshree Ullal also recently made the following trade(s):

On Monday, April 20th, Jayshree Ullal sold 306,139 shares of Arista Networks stock. The shares were sold at an average price of $167.31, for a total value of $51,220,116.09.
On Thursday, April 16th, Jayshree Ullal sold 350,000 shares of Arista Networks stock. The shares were sold at an average price of $159.32, for a total value of $55,762,000.00.
On Monday, April 13th, Jayshree Ullal sold 112,812 shares of Arista Networks stock. The shares were sold at an average price of $150.11, for a total value of $16,934,209.32.

Arista Networks Trading Down 2.9%

ANET opened at $172.55 on Friday. Arista Networks, Inc. has a 1-year low of $71.56 and a 1-year high of $178.48. The stock's fifty day simple moving average is $138.76 and its 200 day simple moving average is $137.13. The stock has a market cap of $217.27 billion, a PE ratio of 62.52, a price-to-earnings-growth ratio of 3.12 and a beta of 1.48.

Can ‘Year of Refresh’ Thesis Reignite Arista’s AI Growth Story?

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The business had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The firm's revenue for the quarter was up 28.9% on a year-over-year basis. Equities analysts forecast that Arista Networks, Inc. will post 3.17 earnings per share for the current year.

Key Stories Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

Positive Sentiment: Analysts and media say Arista stands to benefit from Google’s new "Virgo" AI datacenter architecture, a narrative that helped drive a recent record high and investor excitement about ANET’s AI networking opportunity. Arista poised to benefit from Google’s Virgo
Positive Sentiment: Reports say Arista has materially raised its AI‑networking market assumptions (analyst coverage notes the company effectively doubled its AI networking target), expanding the TAM and underpinning higher forward multiples. Arista Doubles AI Networking Target
Positive Sentiment: Analyst/buy‑side commentary (Seeking Alpha and others) argue heavy capex demand from AI customers justifies ANET’s premium valuation; Q1 earnings (May 5) is flagged as a likely catalyst for further upgrades if management confirms strong demand. Arista: Heavy CapEx Demand Keeps Justifying This Stock's Premium
Positive Sentiment: Institutional inflows and retail momentum coverage (Jim Cramer, sector pieces) have increased buying interest and liquidity, supporting near‑term momentum into earnings. See How Institutions Boost Arista Networks
Neutral Sentiment: Multiple bullish writeups and investor notes summarize a buy thesis tied to market share in high‑performance switching and AI datacenter demand; useful background but reflect already elevated expectations. Is Arista Networks, Inc. (ANET) A Good Stock To Buy Now?
Neutral Sentiment: Analyst price‑target raises and "buy"/"overweight" consensus support momentum but also raise the bar for future earnings surprises. MarketBeat Arista coverage and analyst targets
Negative Sentiment: Large insider selling by CEO Jayshree Ullal (multiple recent sales totaling tens of millions of dollars under pre‑arranged 10b5‑1 plans) is creating near‑term selling pressure and negative headlines, even if sales are scheduled. Jayshree Ullal Sells 350,000 Shares
Negative Sentiment: Additional insider sales (EVP Kenneth Duda sold multiple lots) add to perception of founder/management profit‑taking and can amplify short‑term downside into earnings. Kenneth Duda SEC filing

Institutional Investors Weigh In On Arista Networks

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Several institutional investors and hedge funds have recently added to or reduced their stakes in ANET. Norges Bank bought a new stake in Arista Networks during the fourth quarter worth $1,558,563,000. Massachusetts Financial Services Co. MA lifted its stake in Arista Networks by 2,829.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company's stock worth $833,630,000 after purchasing an additional 5,525,828 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company's stock worth $1,396,939,000 after purchasing an additional 4,332,659 shares during the last quarter. M&T Bank Corp lifted its stake in Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company's stock worth $525,741,000 after purchasing an additional 3,890,146 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Arista Networks by 59.3% during the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company's stock worth $1,032,302,000 after purchasing an additional 2,934,098 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Evercore restated an "outperform" rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, February 13th. Morgan Stanley restated an "overweight" rating and set a $165.00 price objective on shares of Arista Networks in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on Arista Networks from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. Needham & Company LLC boosted their price objective on Arista Networks from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Finally, Zacks Research upgraded Arista Networks from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $177.83.

View Our Latest Report on Arista Networks

Arista Networks Company Profile

(Get Free Report)

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista's offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista's product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company's hardware platforms.