Arista Networks CEO Ullal sells $34.4m in company stock

Arista Networks CEO Jayshree Ullal sold a total of 158,543 shares of the company's common stock, amounting to approximately $34.4 million, on October 8 and 9, 2026. The sales were made under Rule 10b5-1 trading plans, adopted on November 14, 2025. The transactions took place as the stock price was near its 52-week high of $217.41, with a 56% increase year-to-date.

Arista Networks' market capitalization stands at $266 billion, and the stock trades at a P/E ratio of 64.68, signaling potential overvaluation. Ullal sold 8,000 shares on October 8, followed by 37,312 shares on October 9, and another 19,990 shares held by a family trust on October 8, with another 93,241 shares sold on October 9.

These sales, conducted in the family trust, were valued at $24,581,025. Ullal continues to hold shares directly and indirectly through trusts for relatives, disclaiming beneficial ownership. Arista Networks recently reported strong quarterly results with revenue of $3.04 billion and earnings per share of $1.02, both surpassing estimates.

The company's leadership raised its price target to $259, and TD Cowen increased its target to $250, citing improved supply availability. Arista Networks has also introduced new rack scale architectures for AI fabrics, leading to an Outperform rating from Evercore ISI with a $250 price target.