Acacia Communications, Inc. (NASDAQ:ACIA) CFO John F. Gavin sold 770 shares of Acacia Communications stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $43.38, for a total value of $33,402.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
John F. Gavin also recently made the following trade(s):
- On Monday, February 4th, John F. Gavin sold 2,752 shares of Acacia Communications stock. The shares were sold at an average price of $42.34, for a total value of $116,519.68.
Acacia Communications stock opened at $45.32 on Wednesday. The company has a market cap of $1.81 billion, a P/E ratio of 38.08, a P/E/G ratio of 4.68 and a beta of 1.65. Acacia Communications, Inc. has a one year low of $24.72 and a one year high of $47.26.
A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in Acacia Communications by 354.2% during the 4th quarter. Millennium Management LLC now owns 639,280 shares of the technology company’s stock worth $24,293,000 after acquiring an additional 498,540 shares in the last quarter. Legal & General Group Plc lifted its position in Acacia Communications by 6.1% during the 4th quarter. Legal & General Group Plc now owns 10,014 shares of the technology company’s stock worth $380,000 after acquiring an additional 576 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Acacia Communications during the 4th quarter worth approximately $863,000. Cipher Capital LP acquired a new position in Acacia Communications during the 4th quarter worth approximately $231,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in Acacia Communications by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,018 shares of the technology company’s stock worth $343,000 after acquiring an additional 7,043 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
About Acacia Communications
Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets.
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