Arista Networks Inc’s recently made public that its President and CEO Ullal Jayshree unloaded Company’s shares for reported $0.39 million on May 02 ’24. In the deal valued at $258.77 per share,1,500 shares were sold. As a result of this transaction, Ullal Jayshree now holds 17,681 shares worth roughly $4.93 million.
Then, McCool John F sold 584 shares, generating $150,830 in total proceeds. Upon selling the shares at $258.27, the Chief Platform Officer now owns 0 shares.
Before that, Giancarlo Charles H sold 2,000 shares. Arista Networks Inc shares valued at $511,669 were divested by the Director at a price of $255.83 per share. As a result of the transaction, Giancarlo Charles H now holds 56,946 shares, worth roughly $15.88 million.
Jefferies upgraded its Arista Networks Inc [ANET] rating to a Buy from a a Hold in a research note published on May 03, 2024; the price target was increased to $320 from $240. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Sell”. Melius also remained covering ANET and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup maintained its rating on December 14, 2023. It rated ANET as “a Buy”.
Price Performance Review of ANET
On Monday, Arista Networks Inc [NYSE:ANET] saw its stock jump 1.61% to $278.82. Over the last five days, the stock has gained 5.75%. Arista Networks Inc shares have risen nearly 18.39% since the year began. Nevertheless, the stocks have risen 106.01% 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 $278.83, while 200 days put it at $229.29. A total of 2.04 million shares were traded, compared to the trading of 2.88 million shares in the previous session.
Levels Of Support And Resistance For ANET Stock
The 24-hour chart illustrates a support level at 274.69, which if violated will result in even more drops to 270.57. On the upside, there is a resistance level at 281.35. A further resistance level may holdings at 283.89. The Relative Strength Index (RSI) on the 14-day chart is 55.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.38%. Stochastics %K at 82.05% indicates the stock is a selling.
