In a filing, Arista Networks Inc revealed its Officer Kenneth Duda acquired Company’s shares for reported $31.52 million on Oct 07 ’24. In the deal valued at $394.00 per share,80,000 shares were bought.
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Then, Kenneth Duda bought 32,000 shares, generating $12,608,000 in total proceeds.
Before that, Kenneth Duda bought 32,000 shares. Arista Networks Inc shares valued at $12,608,000 were divested by the Officer at a price of $394.00 per share.
Citigroup reiterated its Arista Networks Inc [ANET] rating to a Buy in a research note published on June 27, 2024; the price target was $385. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Rosenblatt also remained covering ANET and has decreased its forecast on April 12, 2024 with a “Sell” recommendation from previously “Buy” rating. Melius revised its rating on January 08, 2024. It rated ANET as “a Buy” which previously was an “a Hold”.
Price Performance Review of ANET
On Monday, Arista Networks Inc [NYSE:ANET] saw its stock fall -0.87% to $392.54. Over the last five days, the stock has gained 2.27%. Arista Networks Inc shares have risen nearly 66.68% since the year began. Nevertheless, the stocks have risen 108.76% over the past one year. While a 52-week high of $396.80 was reached on 10/07/24, a 52-week low of $168.25 was recorded on 01/04/24. SMA at 50 days reached $352.34, while 200 days put it at $305.50.
Levels Of Support And Resistance For ANET Stock
The 24-hour chart illustrates a support level at 388.69, which if violated will result in even more drops to 384.83. On the upside, there is a resistance level at 397.94. A further resistance level may holdings at 403.33. The Relative Strength Index (RSI) on the 14-day chart is 66.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.51%. Stochastics %K at 89.50% indicates the stock is a selling.
How much short interest is there in Arista Networks Inc?
A steep rise in short interest was recorded in Arista Networks Inc stocks on 2024-09-13, growing by 86795.0 shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.62 million shares. There was a rise of 3.21%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 14, 2023 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $300.
