Director Kelly Battles of Arista Networks, Inc. (NASDAQ: ANET) executed a set of sales on February 23, 2026, disposing of 422 shares of common stock, according to a Form 4 filing with the Securities and Exchange Commission.
The report shows the sales were completed at weighted average prices spanning $126.8497 to $131.464. The aggregate value of the transactions came to $54,042. At the time of the filing, Arista shares were trading at $132.89, a price above the ranges at which Battles sold, although the company’s stock had declined 3.16% over the previous week.
The trades were carried out pursuant to a Rule 10b5-1 trading plan that Battles adopted on June 10, 2025. The Form 4 lists the breakdown of the individual open-market sales as follows:
- 121 shares at an average price of $126.8497
- 119 shares at an average price of $127.7585
- 134 shares at an average price of $128.5976
- 19 shares at an average price of $129.5947
- 19 shares at an average price of $130.5926
- 10 shares at an average price of $131.464
Following these transactions, Battles directly holds 9,529 shares of Arista Networks common stock.
Separately noted in research summaries available on InvestingPro, the stock currently appears overvalued relative to its Fair Value, according to that platform’s analysis. InvestingPro also lists 16 additional ProTips for ANET, which highlight the company’s strong balance sheet and its status as a notable participant in the Communications Equipment industry. The platform references a Pro Research Report that provides further analysis and data for investors seeking more detailed coverage.
Arista’s recent operating results provide context to the insider activity. The company reported fourth-quarter 2025 earnings per share of $0.82, above the consensus forecast of $0.76. Revenue for the quarter came in at $2.49 billion, beating the expected $2.38 billion.
Those results prompted several analysts to revise their outlooks. Needham raised its price target on Arista to $185 and cited the company’s strong performance and a 6% increase in fiscal 2026 revenue guidance. Piper Sandler adjusted its target to $175 while maintaining an Overweight rating. Evercore ISI reiterated an Outperform rating and set a $200 price target, calling out an increased fiscal 2026 AI revenue target of $3.25 billion and noting improved visibility into in-year closings alongside strong demand for scale-out deployments.
Taken together, the director’s sales under a prearranged trading plan, the company’s robust quarterly figures, and the subsequent analyst adjustments present a mix of signals for market participants evaluating ANET. The Form 4 filing documents the mechanics and scale of the insider sales; market pricing and analyst commentary reflect ongoing reassessments of Arista’s near-term performance and longer-term revenue opportunities.