Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arista Networks Inc shares valued at $20,152 were purchased by Yvonne Wassenaar on Jan 21 ’25. At $119.95 per share, Yvonne Wassenaar acquired 168 shares.
Also, Duda Kenneth sold 80,000 shares, netting a total of over 9,477,878 in proceeds. Following the sale of shares at $118.47 each, the insider now holds 12,976 shares.
Before that, Duda Kenneth had sold 80,000 shares from its account. In a trade valued at $9,477,878, the CTO and SVP Software Eng. traded Arista Networks Inc shares for $118.47 each. Upon closing the transaction, the insider’s holdings decreased to 80,000 shares, worth approximately $86.51 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 12.98%. Over the course of the year, Arista Networks Inc shares have jumped approximately 17.45%. Shares of the company reached a 52-week high of $131.18 on 01/22/25 and a 52-week low of $109.09 on 01/13/25. A 50-day SMA is recorded $108.19, while a 200-day SMA reached $90.35. Nevertheless, trading volume fell to 9.74 million shares from 6.37 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 126.29, which, if violated, would cause prices to drop to 122.75. In the upper region, resistance lies at 132.27. The next price resistance is at 134.71. RSI (Relative Strength Index) is 74.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.99, which suggests the price will increase in the coming days. Percent R is at 6.15%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
