Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arista Networks Inc shares valued at $8,407,167 were sold by Duda Kenneth on Nov 06 ’24. At $420.36 per share, Duda Kenneth sold 20,000 shares. The insider’s holdings dropped to 3,244 shares worth approximately $1.28 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Duda Kenneth sold 20,000 shares, netting a total of over 8,407,160 in proceeds. Following the sale of shares at $420.36 each, the insider now holds 174,600 shares.
Before that, Ullal Jayshree had sold 832 shares from its account. In a trade valued at $330,626, the President and CEO traded Arista Networks Inc shares for $397.39 each. Upon closing the transaction, the insider’s holdings decreased to 832 shares, worth approximately $6.99 million.
As published in a research note from Citigroup on June 27, 2024, Arista Networks Inc [ANET] has been retained to a Buy and the price target has been revised to $385. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 12, 2024, Rosenblatt has decreased its “Buy” rating to a “Sell” for ANET. Earlier on January 08, 2024, Melius upgraded its rating. Their new recommendation was “a Buy” for ANET stock which previously was a “a Hold”.
Analyzing ANET Stock Performance
During the last five days, there has been a drop of approximately -6.61%. Over the course of the year, Arista Networks Inc shares have jumped approximately 67.79%. Shares of the company reached a 52-week high of $431.97 on 11/07/24 and a 52-week low of $226.60 on 01/04/24. A 50-day SMA is recorded $386.24, while a 200-day SMA reached $326.24. Nevertheless, trading volume fell to 3.01 million shares from 3.22 million shares the previous day.
Support And Resistance Levels for Arista Networks Inc (ANET)
According to the 24-hour chart, there is a support level at 390.30, which, if violated, would cause prices to drop to 385.43. In the upper region, resistance lies at 401.90. The next price resistance is at 408.63. RSI (Relative Strength Index) is 48.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.51, which suggests the price will decrease in the coming days. Percent R is at 73.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
