In a filing, Arista Networks Inc revealed its CTO and SVP Software Eng. Duda Kenneth unloaded Company’s shares for reported $5.8 million on Apr 10 ’24. In the deal valued at $290.05 per share,20,000 shares were sold. As a result of this transaction, Duda Kenneth now holds 3,244 shares worth roughly $0.86 million.
Then, Duda Kenneth sold 16,000 shares, generating $4,640,725 in total proceeds. Upon selling the shares at $290.05, the CTO and SVP Software Eng. now owns 243,268 shares.
Before that, Ullal Jayshree sold 4,042 shares. Arista Networks Inc shares valued at $1,212,560 were divested by the President and CEO at a price of $299.99 per share. As a result of the transaction, Ullal Jayshree now holds 1,628,532 shares, worth roughly $429.4 million.
Rosenblatt downgraded its Arista Networks Inc [ANET] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Melius’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Citigroup also remained covering ANET and reiterated its “Buy” recommendation on December 14, 2023. Morgan Stanley revised its rating on October 31, 2023. It rated ANET as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of ANET
On Monday, Arista Networks Inc [NYSE:ANET] saw its stock fall -0.39% to $263.67. Over the last five days, the stock has gained 7.41%. Arista Networks Inc shares have risen nearly 11.96% since the year began. Nevertheless, the stocks have risen 68.20% over the past one year. While a 52-week high of $307.74 was reached on 03/22/24, a 52-week low of $131.68 was recorded on 01/04/24. SMA at 50 days reached $278.53, while 200 days put it at $226.94. A total of 1.45 million shares were traded, compared to the trading of 2.52 million shares in the previous session.
Levels Of Support And Resistance For ANET Stock
The 24-hour chart illustrates a support level at 259.32, which if violated will result in even more drops to 254.97. On the upside, there is a resistance level at 269.72. A further resistance level may holdings at 275.77. The Relative Strength Index (RSI) on the 14-day chart is 44.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.29%. Stochastics %K at 40.84% indicates the stock is a holding.
