Arista Networks Inc’s recent filing unveils that its Officer MARC TAXAY acquired Company’s shares for reported $4.82 million on Mar 03 ’25. In the deal valued at $93.05 per share,51,848 shares were bought.
Then, McCool John F sold 17,433 shares, generating $1,683,584 in total proceeds. Upon selling the shares at $96.57, the Chief Platform Officer now owns 0 shares.
Before that, Ullal Jayshree sold 138,351 shares. Arista Networks Inc shares valued at $12,988,491 were divested by the President and CEO at a price of $93.88 per share. As a result of the transaction, Ullal Jayshree now holds 92,641 shares, worth roughly $7.92 million.
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 -0.57% to $85.52. Over the last five days, the stock has lost -7.92%. Arista Networks Inc shares have fallen nearly -22.63% since the year began. Nevertheless, the stocks have risen 23.25% over the past one year. While a 52-week high of $133.57 was reached on 01/24/25, a 52-week low of $60.08 was recorded on 03/04/25. SMA at 50 days reached $110.50, while 200 days put it at $95.69.
Levels Of Support And Resistance For ANET Stock
The 24-hour chart illustrates a support level at 82.33, which if violated will result in even more drops to 79.14. On the upside, there is a resistance level at 87.83. A further resistance level may holdings at 90.14. The Relative Strength Index (RSI) on the 14-day chart is 30.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.51%. Stochastics %K at 9.18% indicates the stock is a buying.
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.
