Arista Networks (ANET) CEO Ullal Jayshree Sells $28M of Stock
CEO Ullal Jayshree sold 130,553 shares of Arista Networks for over $28 million.
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Ullal Jayshree, CEO and Chairperson at Arista Networks, Inc. ($ANET), sold 130,553 shares at an average price of $217.10, worth about $28.34 million, on October 9, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $ANET is down 18.3% after 1 week and down 18.3% to date (from the $216.74 close on Oct 9, 2026).
ANET
Arista Networks, Inc.
Key Points
- On October 9, 2026, Ullal Jayshree sold 130,553 shares of Arista Networks at an average price of $217.10, totaling about $28.34 million.
- As of October 16, 2026, Arista Networks shares traded recently around $178.12, which is below its 50-day moving average of $198.97.
- Analysts have a consensus 'strong buy' rating for Arista Networks, with a mean price target of $245.14 based on 29 opinions.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Arista Networks, Inc. alert may contain errors. Disclosures
On October 9, 2026, Ullal Jayshree, the CEO and Chairperson of Arista Networks, Inc. (NYSE: ANET), sold 130,553 shares at an average price of $217.10. This transaction is valued at approximately $28.34 million. This sale was made under a planned trading arrangement.
Inside Ullal Jayshree's Trade
Jayshree's recent sale adds to her previous trades, where she sold another 158,543 shares on the same day, also valued significantly. Her total holdings remain substantial, with a history of insider selling indicating ongoing portfolio adjustments.
Other Institutional Activity in Arista Networks
Several other institutional investors have adjusted their stakes in Arista Networks. Blackrock Inc. trimmed its holdings by 523,874 shares, ending with 91,383,843 shares worth about $16.17 billion. Meanwhile, Vanguard Capital Management LLC increased its position by 416,459 shares, bringing its total to 68,688,349 shares valued at approximately $12.16 billion. State Street Corporation also raised its stake by 1,402,887 shares, totaling 48,165,803 shares valued at about $8.52 billion.
Arista Networks, Inc. Stock Down 8.9%
As of October 16, 2026, Arista Networks shares were recently trading around $178.12, which is 10.5% below its 50-day moving average of $198.97. The stock is also 18.1% below its 52-week high of $217.41, indicating a notable shift in market sentiment following recent trades.
Recent Earnings
In its latest earnings report, Arista Networks posted trailing twelve-month revenue of $10.54 billion, reflecting a year-over-year growth of 37.7%. The next earnings report is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin down 1.8 points. Positive free cash flow.
Earnings Call Summary
The company reported strong momentum across all business segments in the first quarter, with revenue of 2.71 billion dollars, up 35 percent year over year and beating expectations of 2.67 billion dollars. Management highlighted three major AI fabric use cases: scale out with 100 plus customers at 800 gigabit Ethernet, scale up coming in 2027 at 1.6 terabit speeds, and scale across with customers like hyperscaler cloud titans. However, supply chain constraints are severe and expected to persist into next year, forcing the company to accept margin pressure to secure chips and memory for customers.
Guidance Arista raised full year revenue guidance to 11.5 billion dollars, up 27.7 percent from last year. They expect about 2.8 billion in sales for next quarter. AI fabrics revenue target was increased from 3.25 billion to 3.5 billion, and campus revenue is expected to reach 1.25 billion.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Arista Networks, Inc.
On October 6, 2026, Jayshree Ullal sold 460,374 shares of Arista Networks, while on the same day, Chantelle Yvette Breithaupt, the Chief Financial Officer, sold 1,224 shares at $215.00, totaling $263,160. Earlier, on October 1, 2026, Director Mark B Templeton sold 5,000 shares, valued at over $1 million.
Analysts Set New Price Targets
On October 8, 2026, Citigroup maintained a 'Buy' rating on Arista Networks with a price target of $248. Earlier, UBS maintained a 'Buy' rating with a target of $259, and Barclays kept an 'Overweight' rating with a price target of $289. The consensus from analysts reflects strong confidence in the company's growth potential, with a mean price target of $245.14.
About Arista Networks
Arista Networks, Inc. specializes in networking solutions focused on data-driven environments, particularly for AI and data centers. The company continues to expand its reach in the technology sector, which is crucial as it navigates market dynamics and adjusts its strategies.
Bottom Line
Investors should watch for Arista Networks' upcoming earnings report on November 3, 2026, and any further insider trading activities. The recent trades by CEO Jayshree Ullal reflect ongoing adjustments in her portfolio, which could signal broader strategic shifts within the company.
Related Filing Alerts
Source: Ullal Jayshree's Form 4 filing on $ANET (Oct 9, 2026). Find the original filing: ANET Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts