This cluster is routine portfolio diversification by a 10% owner and a director. At 0.0004% of market cap, the selling is economically negligible. Monitor for any change in the pace of Bechtolsheim's selling — if it accelerates beyond the current ~$40M/month pace, it could signal a shift, but this cluster alone is not actionable.
Price Chart
Executive Summary
Arista Networks (ANET) insiders sold $866K in open-market transactions over a 7-day window, with 10% owner Andreas Bechtolsheim executing the bulk of the sales across multiple tranches at declining prices. At a $218B market cap, the total value is ~0.0004% of market cap — well below the 0.1% materiality threshold — making this a routine, non-informative cluster. The historical calibration shows strong past performance on ANET reports (86% win rate at T+20), but the proportionality check overrides any signal here: the dollar amount is trivial relative to company size.
Key Financial Metrics
Key Facts
- Two insiders sold a total of ~$866K in open-market transactions over a 7-day window
- 10% owner Andreas Bechtolsheim sold ~$647K across multiple tranches at declining prices ($157-$167 range)
- Director Charles Giancarlo sold ~$220K on July 1
- Total sales represent ~0.0004% of ANET's $218.2B market cap — well below the 0.1% materiality threshold
- No insider purchases were reported in the cluster window
- Prior 30-day insider activity shows $38.4M in total sales, consistent with ongoing routine selling
Financial Impact
Total insider sales of $866K represent ~0.0004% of ANET's $218.2B market cap — economically trivial
Risk Factors
- Insider selling by a 10% owner could be misinterpreted as a negative signal by the market
- Continued selling at this pace could accumulate to a material position over time
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ANET-1783465906386 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $199.59 $199.39 | ▼ −0.10% | ▲ +0.12% | $207.40 (+3.91%) |
Sep 3, 2026 28d ago | Insider Cluster | $193.78 $187.81 | ▼ −3.08% | ▼ −1.87% | $207.40 (+7.03%) |
Aug 31, 2026 4w ago | Insider Cluster | $189.26 $192.93 | ▲ +1.94% | ▲ +1.86% | $207.40 (+9.58%) |
Aug 31, 2026 4w ago | Insider Cluster | $189.26 $192.93 | ▲ +1.94% | ▲ +1.86% | $207.40 (+9.58%) |
Aug 27, 2026 5w ago | Insider Cluster | $195.38 $193.78 | ▼ −0.82% | ▼ −0.93% | $207.40 (+6.15%) |
Aug 25, 2026 5w ago | Insider Cluster | $202.25 $186.10 | ▼ −7.99% | ▼ −7.87% | $207.40 (+2.55%) |
Aug 14, 2026 6w ago | Insider Cluster | $201.80 $188.15 | ▼ −6.76% | ▼ −5.57% | $207.40 (+2.78%) |
Aug 10, 2026 7w ago | Insider Cluster | $197.85 $193.18 | ▼ −2.36% | ▼ −1.96% | $207.40 (+4.83%) |
Aug 7, 2026 7w ago | Insider Cluster | $191.52 $201.80 | ▲ +5.37% | ▲ +5.41% | $207.40 (+8.29%) |
Aug 6, 2026 8w ago | 144 | $188.67 $198.82 | ▲ +5.38% | ▲ +4.98% | $207.40 (+9.93%) |
US Market Status
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