Kenneth Duda, president and chief technology officer of Arista Networks (NYSE: ANET), disposed of approximately $8.03 million in company stock on August 20 under a pre-established Rule 10b5-1 trading plan initiated on March 11, 2026.
The transactions included direct sales of 17,385 shares for roughly $3.21 million, trust sales of 10,999 shares for about $2.97 million, and sales from a 501(c) foundation of 9,000 shares for approximately $1.85 million. The shares were sold at prices ranging from $184.33 to $186.97, with Arista’s stock closing at $188.15 on the day of the sale.
In parallel transactions, Duda exercised non-qualified stock options for 17,333 shares at prices between $14.15 and $15.28, totaling roughly $260,273. Additionally, 30,926 restricted stock units vested in a family trust at no cost, while 15,541 shares were withheld for tax purposes at $186.45 per share, amounting to about $2.90 million.
Following the dispositions, Duda retains direct holdings of 12,976 shares and indirect holdings across multiple trusts and annuity vehicles totaling over 3.1 million shares. Arista’s market capitalization stands at $237.93 billion, with shares up 46% over the past six months.
The stock sale follows Arista’s Q2 results, which reported revenue of $3.04 billion—the company’s first quarter to exceed $3 billion—alongside earnings per share of $1.02, surpassing the $0.88 estimate. Analysts have since raised price targets: UBS to $259, Evercore ISI to $250, TD Cowen to $250, and BofA Securities to $240, citing improved supply dynamics and elevated revenue growth expectations.
