Insider Selling: Acacia Communications, Inc. (NASDAQ:ACIA) VP Sells 377 Shares of Stock

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Acacia Communications, Inc. (NASDAQ:ACIA) VP Francis J. Murphy sold 377 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $66.81, for a total value of $25,187.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Francis J. Murphy also recently made the following trade(s):

  • On Tuesday, October 22nd, Francis J. Murphy sold 559 shares of Acacia Communications stock. The stock was sold at an average price of $64.89, for a total value of $36,273.51.
  • On Wednesday, October 2nd, Francis J. Murphy sold 2,671 shares of Acacia Communications stock. The stock was sold at an average price of $64.64, for a total value of $172,653.44.
  • On Wednesday, September 18th, Francis J. Murphy sold 102 shares of Acacia Communications stock. The shares were sold at an average price of $64.62, for a total value of $6,591.24.
  • On Friday, September 13th, Francis J. Murphy sold 174 shares of Acacia Communications stock. The shares were sold at an average price of $64.28, for a total value of $11,184.72.

NASDAQ:ACIA traded up $0.23 on Wednesday, hitting $66.85. 226,443 shares of the company’s stock traded hands, compared to its average volume of 749,348. The company has a current ratio of 3.91, a quick ratio of 3.60 and a debt-to-equity ratio of 0.03. Acacia Communications, Inc. has a 1 year low of $36.00 and a 1 year high of $67.99. The firm has a 50-day moving average price of $66.07 and a 200-day moving average price of $60.36. The company has a market cap of $2.75 billion, a PE ratio of 445.67 and a beta of 1.73.

Acacia Communications (NASDAQ:ACIA) last released its earnings results on Wednesday, October 30th. The technology company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. Acacia Communications had a return on equity of 8.57% and a net margin of 6.58%. The company had revenue of $119.59 million for the quarter, compared to analysts’ expectations of $116.15 million. On average, research analysts forecast that Acacia Communications, Inc. will post 1.26 EPS for the current fiscal year.

Several research firms have weighed in on ACIA. ValuEngine cut Acacia Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Acacia Communications from a “hold” rating to a “strong-buy” rating and set a $76.00 target price on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Acacia Communications currently has a consensus rating of “Hold” and an average price target of $60.08.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westfield Capital Management Co. LP grew its stake in shares of Acacia Communications by 16.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 453,914 shares of the technology company’s stock valued at $21,407,000 after buying an additional 63,349 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Acacia Communications by 36.3% in the 3rd quarter. First Trust Advisors LP now owns 29,782 shares of the technology company’s stock valued at $1,948,000 after buying an additional 7,925 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Acacia Communications by 104.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 110,593 shares of the technology company’s stock valued at $5,152,000 after buying an additional 56,372 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Acacia Communications by 30.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,724 shares of the technology company’s stock valued at $127,000 after buying an additional 639 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Acacia Communications in the 3rd quarter valued at approximately $2,335,000. 78.96% of the stock is owned by institutional investors and hedge funds.

About Acacia Communications

Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets.

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Insider Buying and Selling by Quarter for Acacia Communications (NASDAQ:ACIA)

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