Arista Networks (NYSE:ANET) experienced unusually high options trading on Wednesday, with investors purchasing 44,291 call options, a 74% increase from the daily average. This activity comes amidst significant insider selling, including Kenneth Duda and CEO Jayshree Ullal, totaling over $27.55 million in the past 90 days. Despite a 2.2% drop in share price, analysts maintain a “Moderate Buy” rating with an average price target of $166.
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Arista Networks Target of Unusually High Options Trading (NYSE:ANET)
Arista Networks (NYSE:ANET) experienced unusually high options trading on Wednesday, with investors purchasing 44,291 call options, a 74% increase from the daily average. This activity comes amidst significant insider selling, including Kenneth Duda and CEO Jayshree Ullal, totaling over $27.55 million in the past 90 days. Despite a 2.2% drop in share price, analysts maintain a “Moderate Buy” rating with an average price target of $166.