Director Kelly Battles sold 372 shares of Arista Networks Inc (ANET, Financial) on September 16, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 2,565 shares of the company.
Arista Networks Inc, a leader in the networking technology sector, specializes in the development of cloud networking solutions for large data center and campus environments. The company's products include switches, software, and other networking solutions designed to enhance scalability, performance, and efficiency.
Over the past year, Kelly Battles has sold a total of 1,506 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within Arista Networks Inc, where there have been 118 insider sells and no insider buys over the past year.
Shares of Arista Networks Inc were trading at $356.74 on the day of the transaction. The company has a market cap of approximately $113.63 billion. The price-earnings ratio of the company stands at 46.91, which is above both the industry median of 20.8 and the company's historical median.
The stock's valuation, according to the GF Value, is set at $241.02, indicating that with a current price of $356.74, Arista Networks Inc is significantly overvalued with a price-to-GF-Value ratio of 1.48.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's current valuation and market trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
