Arista Networks CEO Jayshree Ullal sells $97.6 million in stock

Arista Networks CEO Jayshree Ullal recently sold $97.6 million worth of company stock, as disclosed in a recent SEC Form 4 filing. The transactions, executed through trusts for the benefit of her children, involved the sale of 460,374 shares and were carried out in accordance with a previously established Rule 10b5-1 trading plan.

This sale comes amid Arista Networks' strong performance, with the company reporting revenue of $3.04 billion and earnings per share of $1.02, surpassing analyst estimates. Arista's stock has also seen a 61% return year-to-date, trading near its 52-week high of $217.32. In response to the company's strong quarterly results, investment firms such as UBS, TD Cowen, and Evercore ISI have raised their price targets and maintained Buy ratings, citing various factors such as improved supply availability, new rack scale architectures for AI fabrics, and Arista's strong positioning in networking security.

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