In a filing, Arista Networks Inc revealed its Director Giancarlo Charles H unloaded Company’s shares for reported $0.89 million on Jan 02 ’25. In the deal valued at $111.51 per share,8,000 shares were sold. As a result of this transaction, Giancarlo Charles H now holds 163,784 shares worth roughly $18.88 million.
Then, Charles Giancarlo bought 32,000 shares, generating $3,532,960 in total proceeds.
Before that, McCool John F sold 288 shares. Arista Networks Inc shares valued at $31,306 were divested by the Chief Platform Officer at a price of $108.70 per share. As a result of the transaction, McCool John F now holds 0 shares, worth roughly $0.0.
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 Tuesday, Arista Networks Inc [NYSE:ANET] saw its stock fall -3.10% to $115.29. Over the last five days, the stock has gained 3.45%. Arista Networks Inc shares have risen nearly 4.31% since the year began. Nevertheless, the stocks have risen 99.71% over the past one year. While a 52-week high of $119.53 was reached on 01/07/25, a 52-week low of $58.75 was recorded on 01/02/25. SMA at 50 days reached $104.87, while 200 days put it at $88.37.
Levels Of Support And Resistance For ANET Stock
The 24-hour chart illustrates a support level at 113.18, which if violated will result in even more drops to 111.07. On the upside, there is a resistance level at 118.84. A further resistance level may holdings at 122.39. The Relative Strength Index (RSI) on the 14-day chart is 58.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.58%. Stochastics %K at 80.18% 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 2024-12-13, growing by 1.63 million shares to a total of 13.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.0 million shares. There was a rise of 11.95%, 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.
