Arista Networks Inc’s filing revealed that its CTO and SVP Software Eng. Duda Kenneth unloaded Company’s shares for reported $6.79 million on Mar 06 ’25. In the deal valued at $84.85 per share,80,000 shares were sold. As a result of this transaction, Duda Kenneth now holds 12,976 shares worth roughly $1.09 million.
Then, Duda Kenneth sold 80,000 shares, generating $6,788,034 in total proceeds. Upon selling the shares at $84.85, the CTO and SVP Software Eng. now owns 634,400 shares.
Before that, Taxay Marc sold 51,848 shares. Arista Networks Inc shares valued at $4,593,257 were divested by the SVP and General Counsel at a price of $88.59 per share. As a result of the transaction, Taxay Marc now holds 0 shares, worth roughly $0.0.
UBS upgraded its Arista Networks Inc [ANET] rating to a Buy from a a Neutral in a research note published on March 05, 2025; the price target was increased to $115 from $112. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in late June has reiterated a ‘”a Buy”‘ rating for it. Jefferies also remained covering ANET and has increased its forecast on May 03, 2024 with a “Buy” recommendation from previously “Hold” rating. Rosenblatt revised its rating on April 12, 2024. It rated ANET as “a Sell” which previously was an “a Buy”.
Price Performance Review of ANET
On Tuesday, Arista Networks Inc [NYSE:ANET] saw its stock fall -1.29% to $83.99. Over the last five days, the stock has gained 6.14%. Arista Networks Inc shares have fallen nearly -24.01% since the year began. Nevertheless, the stocks have risen 18.29% 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 03/10/25. SMA at 50 days reached $104.62, while 200 days put it at $95.88.
Levels Of Support And Resistance For ANET Stock
The 24-hour chart illustrates a support level at 83.20, which if violated will result in even more drops to 82.41. On the upside, there is a resistance level at 84.81. A further resistance level may holdings at 85.63. The Relative Strength Index (RSI) on the 14-day chart is 38.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.83%. Stochastics %K at 37.11% indicates the stock is a holding.
How much short interest is there in Arista Networks Inc?
A steep rise in short interest was recorded in Arista Networks Inc stocks on 2025-02-28, growing by 5.33 million shares to a total of 15.21 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 9.88 million shares. There was a rise of 35.06%, which implies that there is a positive sentiment for the stock.
