Insider Selling: Acacia Communications, Inc. (ACIA) CFO Sells 639 Shares of Stock

Acacia Communications, Inc. (NASDAQ:ACIA) CFO John F. Gavin sold 639 shares of Acacia Communications stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $38.48, for a total transaction of $24,588.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Acacia Communications, Inc. (NASDAQ ACIA) opened at $42.40 on Friday. The firm has a market cap of $1,669.58, a PE ratio of 14.62, a P/E/G ratio of 3.18 and a beta of 1.60. Acacia Communications, Inc. has a 52-week low of $34.20 and a 52-week high of $69.57.

ACIA has been the topic of several research analyst reports. AltaCorp Capital upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. DA Davidson dropped their target price on shares of Acacia Communications to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. B. Riley upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $49.00 in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Acacia Communications in a research report on Friday, November 3rd. Finally, William Blair initiated coverage on shares of Acacia Communications in a research report on Tuesday, October 31st. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new position in Acacia Communications during the fourth quarter worth about $321,000. Element Capital Management LLC acquired a new position in Acacia Communications during the fourth quarter worth about $3,571,000. Stone Ridge Asset Management LLC acquired a new position in Acacia Communications during the fourth quarter worth about $239,000. Guggenheim Capital LLC boosted its position in Acacia Communications by 6.4% during the fourth quarter. Guggenheim Capital LLC now owns 26,818 shares of the technology company’s stock worth $973,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Acacia Communications by 11.9% during the fourth quarter. Deutsche Bank AG now owns 145,797 shares of the technology company’s stock worth $5,281,000 after acquiring an additional 15,546 shares during the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.

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About Acacia Communications

Acacia Communications, Inc provides high-speed coherent interconnect products. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets.

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

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