Acacia Communications, Inc. (ACIA) CFO John F. Gavin Sells 639 Shares of Stock

Acacia Communications, Inc. (NASDAQ:ACIA) CFO John F. Gavin sold 639 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $38.48, for a total value of $24,588.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Acacia Communications, Inc. (NASDAQ ACIA) traded up $1.92 during trading hours on Friday, hitting $42.40. The stock had a trading volume of 618,560 shares, compared to its average volume of 394,210. Acacia Communications, Inc. has a fifty-two week low of $34.20 and a fifty-two week high of $69.57. The company has a market capitalization of $1,593.99, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

A number of brokerages recently issued reports on ACIA. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Acacia Communications in a research report on Monday, October 23rd. William Blair began coverage on Acacia Communications in a research report on Tuesday, October 31st. They issued a “buy” rating for the company. Piper Jaffray Companies began coverage on Acacia Communications in a research report on Tuesday. They issued an “overweight” rating and a $43.00 price target for the company. Zacks Investment Research downgraded Acacia Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Finally, AltaCorp Capital upgraded Acacia Communications from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $49.00.

Several large investors have recently added to or reduced their stakes in ACIA. Wells Fargo & Company MN raised its holdings in shares of Acacia Communications by 4.5% in the second quarter. Wells Fargo & Company MN now owns 34,629 shares of the technology company’s stock valued at $1,436,000 after acquiring an additional 1,481 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Acacia Communications by 12.1% in the second quarter. Royal Bank of Canada now owns 13,966 shares of the technology company’s stock valued at $579,000 after acquiring an additional 1,511 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Acacia Communications by 6.4% in the fourth quarter. Guggenheim Capital LLC now owns 26,818 shares of the technology company’s stock valued at $973,000 after acquiring an additional 1,622 shares in the last quarter. Pitcairn Co. raised its holdings in shares of Acacia Communications by 61.8% in the fourth quarter. Pitcairn Co. now owns 7,430 shares of the technology company’s stock valued at $269,000 after acquiring an additional 2,839 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Acacia Communications by 24.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 18,525 shares of the technology company’s stock valued at $671,000 after acquiring an additional 3,623 shares in the last quarter. Institutional investors and hedge funds 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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