Arista Networks, Inc. (NASDAQ: ANET) director Charles H. Giancarlo disclosed the sale of 7,900 shares of common stock on February 2, 2026, in a Form 4 filing with the Securities and Exchange Commission. The disposition was carried out under a Rule 10b5-1 trading plan and generated proceeds of $1.12 million.
The trades were executed across multiple blocks at weighted average prices that ranged from $138.9082 to $141.9373 per share. The filing breaks the transactions down as follows:
- 1,900 shares sold at an average price of $138.9082 per share
- 1,590 shares sold at an average price of $140.2747 per share
- 3,910 shares sold at an average price of $141.0087 per share
- 600 shares sold at an average price of $141.9373 per share
Those sale prices were all above Arista's most recently reported trading price of $130.28 per share. The stock has fallen 12.06% over the past week.
Following the sales, Giancarlo's holdings consist of 221,578 shares held directly and an additional 9,784 shares held indirectly through a family trust, according to the filing.
At the time of the filing, Arista carried a market value of $164.56 billion and a price-to-earnings ratio of 50.15. The company is scheduled to report its next earnings result in seven days, on February 12. InvestingPro data cited in the filing assigns Arista a "GREAT" financial health score and records 27.75% revenue growth over the last twelve months.
Beyond the insider transaction, Arista has announced product and software initiatives intended to broaden its campus networking capabilities. The company introduced Virtual Ethernet Segment with Proxy ARP (VESPA) technology, which is aimed at improving large-scale campus mobility networks. This launch forms part of Arista's larger expansion of its Autonomous Virtual Assist (AVA) agentic AI features and the addition of new ruggedized switches to its campus portfolio.
Analyst activity has remained noticeable in recent weeks. Piper Sandler moved Arista's rating from Neutral to Overweight, citing what the firm described as a "Year of Refresh" in 2026 and pointing to the company's exposure to hyperscalers and AI-Titans. William Blair and Evercore ISI both reiterated Outperform ratings; Evercore ISI held a $175.00 price target while noting a negative market reaction to Arista's September-quarter earnings. UBS also reiterated a Buy rating, emphasizing Arista's growth outlook and the company's conservative stance on guidance revisions.
The combination of insider selling under a pre-established plan, company product and AI developments, and active analyst coverage offers multiple data points for investors ahead of Arista's upcoming earnings release. The filing shows the director's transactions were pre-scheduled under Rule 10b5-1, and Giancarlo retains a substantial direct and indirect stake in the company.
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