Arista Networks' stock rose 10.6% after strong Q3 earnings, despite insiders selling $294 million in shares.

Arista Networks (ANET) shares rose 10.6% in the second quarter after reporting strong Q3 earnings on November 4, with $0.75 EPS and $2.31 billion in revenue, beating estimates. The company’s net margin hit 40.90% and return on equity was 31.05%, while revenue grew 27.5% year-over-year. Despite a "Moderate Buy" analyst consensus and an average price target of $164.31, insiders sold $294 million in stock over 90 days, including CEO Jayshree Ullal’s $185 million exit. Institutional ownership remains high at 82.47%.