Acacia Communications, Inc. (NASDAQ:ACIA) CEO Murugesan Shanmugaraj sold 1,898 shares of Acacia Communications stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $38.48, for a total transaction of $73,035.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Murugesan Shanmugaraj also recently made the following trade(s):
- On Tuesday, January 9th, Murugesan Shanmugaraj sold 6,975 shares of Acacia Communications stock. The stock was sold at an average price of $38.23, for a total transaction of $266,654.25.
Shares of Acacia Communications, Inc. (NASDAQ:ACIA) opened at $42.40 on Monday. The firm has a market cap of $1,669.60, a PE ratio of 14.32, a PEG 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.
A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies assumed coverage on shares of Acacia Communications in a report on Tuesday, February 13th. They issued an “overweight” rating and a $43.00 price target on the stock. UBS Group assumed coverage on shares of Acacia Communications in a report on Wednesday, January 31st. They issued a “buy” rating and a $50.00 price target on the stock. Northland Securities set a $42.00 price target on shares of Acacia Communications and gave the stock a “buy” rating in a report on Monday, January 29th. Loop Capital assumed coverage on shares of Acacia Communications in a report on Monday, January 29th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, William Blair reissued a “buy” rating on shares of Acacia Communications in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $49.00.
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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.
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