Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 428,000 Shares of Stock

April 25, 2026 by InsiderTrades.com

Key Points

CEO Jayshree Ullal sold 428,000 shares on April 22 at an average of $177.44 for about $75.94M under a pre‑arranged Rule 10b5‑1 plan, leaving her with 5,209,207 shares (a 7.59% reduction, ~ $924M value).
The sale is one of several large dispositions by Ullal over recent days (totaling hundreds of thousands of shares), which has generated negative headlines and could increase short‑term selling pressure and volatility despite being scheduled trades.
Separately, Arista’s fundamentals and analyst sentiment remain strong — the company beat recent quarterly estimates with robust revenue growth, multiple firms have raised price targets, and the consensus rating is Buy with an average target near $177.83.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Tuesday, April 21st, Jayshree Ullal sold 93,861 shares of Arista Networks stock. The stock was sold at an average price of $168.57, for a total transaction of $15,822,148.77.
On Monday, April 20th, Jayshree Ullal sold 306,139 shares of Arista Networks stock. The stock was sold at an average price of $167.31, for a total transaction of $51,220,116.09.
On Thursday, April 16th, Jayshree Ullal sold 350,000 shares of Arista Networks stock. The stock was sold at an average price of $159.32, for a total transaction of $55,762,000.00.
On Monday, April 13th, Jayshree Ullal sold 112,812 shares of Arista Networks stock. The stock was sold at an average price of $150.11, for a total transaction of $16,934,209.32.

Arista Networks Stock Up 2.4%

Shares of NYSE:ANET opened at $176.76 on Friday. Arista Networks, Inc. has a 12 month low of $76.01 and a 12 month high of $179.80. The company's 50-day moving average price is $139.47 and its two-hundred day moving average price is $137.32. The firm has a market cap of $222.57 billion, a P/E ratio of 64.04, a P/E/G ratio of 3.03 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 issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company's revenue was up 28.9% on a year-over-year basis. As a group, equities analysts predict that Arista Networks, Inc. will post 3.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group set a $200.00 target price on shares of Arista Networks in a research report on Tuesday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, April 16th. Wells Fargo & Company upped their target price on shares of Arista Networks from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Friday, February 13th. TD Cowen assumed coverage on shares of Arista Networks in a research report on Thursday, March 12th. They set a "buy" rating and a $170.00 target price on the stock. Finally, Evercore restated an "outperform" rating and set a $200.00 target price on shares of Arista Networks in a research report on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $177.83.

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Read Our Latest Stock Analysis on ANET

Institutional Trading of Arista Networks

A number of hedge funds have recently modified their holdings of ANET. Brighton Jones LLC raised its position in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new stake in Arista Networks during the 4th quarter worth approximately $202,000. Bison Wealth LLC bought a new stake in Arista Networks during the 4th quarter worth approximately $251,000. Sivia Capital Partners LLC grew its stake in shares of Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company's stock worth $1,097,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Arista Networks by 31.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company's stock worth $429,000 after acquiring an additional 1,000 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks News Summary

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

Positive Sentiment: Analysts and media highlight Arista as a direct beneficiary of Google’s new "Virgo" AI datacenter architecture; that narrative helped lift momentum and contributed to new highs. Arista poised to benefit from Google’s Virgo
Positive Sentiment: Company/analyst commentary says Arista materially raised its AI‑networking market assumptions (effectively expanding the TAM), supporting higher forward multiples and investor willingness to pay a premium for AI exposure. Arista Doubles AI Networking Target
Positive Sentiment: Street and research notes (Zacks and others) flag ANET as likely to top upcoming quarterly estimates as AI capex, 5G/fiber demand and datacenter upgrades lift networking spend — Q1 (May 5) is a potential catalyst for upgrades. 3 Telecom Stocks Likely to Surpass Q1 Earnings Estimates
Positive Sentiment: Institutional accumulation and multiple analyst upgrades/price‑target increases have driven liquidity and momentum into ANET, reinforcing the current uptrend. MarketBeat Arista coverage and analyst targets
Neutral Sentiment: Several bullish writeups recap Arista’s market share in high‑performance switching and AI networking; useful context for investors but reflect elevated expectations that increase the bar for surprises. Is Arista Networks, Inc. (ANET) A Good Stock To Buy Now?
Negative Sentiment: Significant insider selling by CEO Jayshree Ullal (multiple pre‑arranged 10b5‑1 sales totaling tens of millions over recent days) is generating selling pressure and negative headlines despite being scheduled trades. Jayshree Ullal Sells 93,861 Shares
Negative Sentiment: Additional insider dispositions (EVP and other executives) amplify perception of management profit‑taking and can increase short‑term volatility into the earnings date. Kenneth Duda SEC filing

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.