On October 22, 2024, Director Kelly Battles sold 373 shares of Arista Networks Inc (ANET, Financial), as reported in a recent SEC Filing. Following this transaction, the insider now owns 2,192 shares of the company.
Arista Networks Inc specializes in cloud networking solutions for large data center and campus environments. The company's products include switches, software, and other networking solutions that deliver availability, agility, automation, analytics, and security.
Over the past year, Kelly Battles has sold a total of 1,879 shares and has not purchased any shares. This recent transaction continues a trend observed over the past year at Arista Networks Inc, where there have been no insider buys but 121 insider sells.
On the date of the transaction, shares of Arista Networks Inc were priced at $396.48. This pricing gives the company a market cap of approximately $124.31 billion. The price-earnings ratio of the company stands at 51.11, which is above both the industry median of 23.02 and the company's historical median.
The stock's valuation metrics show a GF Value of $244.50, indicating that with a price-to-GF-Value ratio of 1.62, Arista Networks Inc is considered significantly overvalued.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of potential future stock performance, particularly in the context of the company's current valuation and market performance.
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.
