Acacia Communications, Inc. (ACIA) CEO Sells $1,829,700.00 in Stock

Acacia Communications, Inc. (NASDAQ:ACIA) CEO Murugesan Shanmugaraj sold 30,000 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $60.99, for a total value of $1,829,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Murugesan Shanmugaraj also recently made the following trade(s):

  • On Thursday, October 13th, Murugesan Shanmugaraj sold 108,163 shares of Acacia Communications stock. The stock was sold at an average price of $96.50, for a total value of $10,437,729.50.

Acacia Communications, Inc. (NASDAQ:ACIA) opened at 63.62 on Tuesday. Acacia Communications, Inc. has a 12-month low of $27.05 and a 12-month high of $128.73. The stock has a market cap of $2.38 billion and a price-to-earnings ratio of 29.26. The company has a 50-day moving average price of $67.84 and a 200 day moving average price of $78.29.

Acacia Communications (NASDAQ:ACIA) last announced its quarterly earnings results on Thursday, November 10th. The company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.15. The company had revenue of $135.30 million for the quarter, compared to analyst estimates of $130.85 million. Acacia Communications had a net margin of 22.18% and a return on equity of 69.87%. Acacia Communications’s revenue for the quarter was up 106.8% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. On average, equities research analysts predict that Acacia Communications, Inc. will post $3.17 EPS for the current year.

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

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A number of analysts have recently weighed in on ACIA shares. William Blair started coverage on Acacia Communications in a research report on Monday, October 31st. They set an “outperform” rating on the stock. Needham & Company LLC upped their price objective on Acacia Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Zacks Investment Research raised Acacia Communications from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a research report on Tuesday, September 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 price objective on shares of Acacia Communications in a research report on Wednesday, September 28th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $99.00 price objective (up previously from $90.00) on shares of Acacia Communications in a research report on Thursday, November 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Acacia Communications currently has a consensus rating of “Buy” and a consensus price target of $97.71.

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in shares of Acacia Communications by 0.9% in the third quarter. California State Teachers Retirement System now owns 11,080 shares of the company’s stock worth $1,144,000 after buying an additional 100 shares during the period. Rhumbline Advisers raised its position in shares of Acacia Communications by 8.2% in the third quarter. Rhumbline Advisers now owns 5,454 shares of the company’s stock worth $563,000 after buying an additional 414 shares during the period. Winfield Associates Inc. raised its position in shares of Acacia Communications by 115.0% in the third quarter. Winfield Associates Inc. now owns 2,150 shares of the company’s stock worth $222,000 after buying an additional 1,150 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Acacia Communications by 8.9% in the third quarter. TIAA CREF Investment Management LLC now owns 16,983 shares of the company’s stock worth $1,754,000 after buying an additional 1,388 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Acacia Communications during the third quarter worth $191,000. Institutional investors own 51.42% of the company’s stock.

Acacia Communications Company Profile

Acacia Communications, Inc is a provider of coherent interconnect products for communications networks relied upon by cloud infrastructure operators and content and communications service providers. The Company’s product family includes AC100-MSA, AC100-CFP, CFP2-ACO and AC400 Flex. Its AC100-MSA product family includes AC100-G, AC100-S and AC100-C.

5 Day Chart for NASDAQ:ACIA

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