Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arista Networks Inc shares valued at $605,010 were purchased by 1999 McCool Family Trust on Nov 21 ’24. At $381.71 per share, 1999 McCool Family Trust acquired 1,585 shares.
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Also, Ullal Jayshree purchased 17,759 shares, netting a total of over 7,107,555 in proceeds.
Before that, Duda Kenneth had sold 20,000 shares from its account. In a trade valued at $8,407,167, the CTO and SVP Software Eng. traded Arista Networks Inc shares for $420.36 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.31 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 surge of approximately 4.93%. Over the course of the year, Arista Networks Inc shares have jumped approximately 71.95%. 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 $392.29, while a 200-day SMA reached $329.72. Nevertheless, trading volume fell to 3.29 million shares from 1.97 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 395.55, which, if violated, would cause prices to drop to 386.14. In the upper region, resistance lies at 409.86. The next price resistance is at 414.76. RSI (Relative Strength Index) is 55.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.43, which suggests the price will decrease in the coming days. Percent R is at 42.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
