Acacia Communications, Inc. (NASDAQ:ACIA) VP Sells $36,273.51 in Stock

Acacia Communications, Inc. (NASDAQ:ACIA) VP Francis J. Murphy sold 559 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $64.89, for a total transaction of $36,273.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, October 2nd, Francis J. Murphy sold 2,671 shares of Acacia Communications stock. The shares were sold at an average price of $64.64, for a total transaction 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 transaction 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 transaction of $11,184.72.
  • On Tuesday, September 3rd, Francis J. Murphy sold 141 shares of Acacia Communications stock. The shares were sold at an average price of $62.91, for a total transaction of $8,870.31.
  • On Friday, August 9th, Francis J. Murphy sold 5,008 shares of Acacia Communications stock. The shares were sold at an average price of $63.66, for a total transaction of $318,809.28.

Shares of NASDAQ:ACIA traded down $0.21 during trading on Thursday, hitting $64.65. The company’s stock had a trading volume of 622,900 shares, compared to its average volume of 797,956. The company has a 50-day moving average of $64.65 and a 200-day moving average of $58.63. Acacia Communications, Inc. has a 12 month low of $32.98 and a 12 month high of $67.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.18 and a quick ratio of 3.82. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 431.00, a P/E/G ratio of 3.74 and a beta of 1.76.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Acacia Communications had a net margin of 5.30% and a return on equity of 7.30%. The firm had revenue of $111.18 million for the quarter, compared to analysts’ expectations of $108.68 million. As a group, research analysts anticipate that Acacia Communications, Inc. will post 0.87 earnings per share for the current year.

Several large investors have recently modified their holdings of ACIA. Tower Research Capital LLC TRC bought a new stake in Acacia Communications during the 2nd quarter worth approximately $31,000. Anderson Fisher LLC bought a new stake in Acacia Communications during the 2nd quarter worth approximately $86,000. Aperio Group LLC bought a new stake in Acacia Communications during the 2nd quarter worth approximately $88,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Acacia Communications by 534.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,904 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,604 shares during the period. Finally, Royal Bank of Canada raised its stake in Acacia Communications by 76.3% during the 2nd quarter. Royal Bank of Canada now owns 2,243 shares of the technology company’s stock worth $106,000 after acquiring an additional 971 shares during the period. Hedge funds and other institutional investors own 78.02% of the company’s stock.

Several equities analysts have issued reports on ACIA shares. Craig Hallum cut shares of Acacia Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. ValuEngine cut shares of Acacia Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Needham & Company LLC cut shares of Acacia Communications from a “buy” rating to a “hold” rating and set a $64.91 target price on the stock. in a research note on Wednesday, July 10th. UBS Group cut shares of Acacia Communications from a “buy” rating to a “neutral” rating and upped their target price for the company from $64.00 to $70.00 in a research note on Wednesday, July 10th. Finally, Rosenblatt Securities restated a “neutral” rating on shares of Acacia Communications in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.07.

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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