30 AI News Investors Should Not Miss

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22. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 65

Arista Networks, Inc. (NYSE:ANET) engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments. Latest SEC filings show that Charles Giancarlo, a director at Arista Networks, Inc. (NYSE:ANET), has sold $765,000 worth of Arista stock recently. The shares were sold at prices between $379 and $388/share, per the disclosures. The transactions in this regard occurred under the Rule 10b5-1, which allows insiders to sell shares at predetermined times. The sale decreases the overall stake of the director in the networking firm to around 47,000 shares.

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