Acacia Communications (NASDAQ:ACIA) Insider Sells $10219.26 in Stock

Adjust Comment Print

The shares were sold at an average price of $35.05, for a total transaction of $1,121,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Reiterated shares of Acacia Communications, Inc. The stock was sold at an average price of $36.03, for a total transaction of $10,664.88. Also, CEO Murugesan Shanmugaraj sold 1,898 shares of the stock in a transaction that occurred on Wednesday, February 14th. In a transaction dated April 02, 2018, the shares were put up for sale at an average price of $37.48, raking in a sum of $789,329.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash.

Several analysts have released their opinion on Acacia Communications, Inc. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 60.39 and a beta of 1.11. Acacia Communications has a 1-year low of $24.72 and a 1-year high of $50.10.

Earnings per Share Details of Himax Technologies, Inc.: The EPS of HIMX is strolling at 0.16, measuring its EPS growth this year at -45.1%.

Last week, Acacia said it's scaling back its second-quarter revenue projections due to the sanctions, expecting a $7 million to $13 million dip from its first-quarter numbers. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue decreasing by -36.40%. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 8%.

Hedge funds have recently bought and sold shares of the stock.

Acacia Communications, Inc. (ACIA) stock price performed at a change of 19.56% from 20 day SMA and stands at a distance of -3.34% away from 50 day SMA. As a result, the company has Earnings per Share (EPS) growth of 37.5% for the coming year. Wells Fargo & Company MN lifted its stake in shares of Acacia Communications by 5.3% in the third quarter. The co's performance for 6 months was decreased of -4.73%, 1-year performance stands at -28.21% and year to date showing moved down performance of -5.47%. The Manufacturers Life Insurance Company boosted its stake in Acacia Communications by 24.3% in the fourth quarter.

State Bank Financial Corporation (STBZ) shares Jumped 1.6% and ended the day at $33.61. Dimensional Fund Advisors LP bought a new position in shares of Acacia Communications in the third quarter valued at $1,857,000. ACIA has diverse figures for different time frames; starting from week's performance moved down 10.59% in last five regular trading sessions. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Acacia Communications during the 4th quarter worth approximately $239,000. When we look at the Volatility of the company, Week Volatility is at 5.30% whereas Month Volatility is at 6.81%. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.

A number of other analysts have also issued reports on ACIA. Acacia Communications, Inc. (NASDAQ:ACIA) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Acacia Communications presently has an average rating of "Hold" and an average target price of $33.45. Acacia Communications, Inc. (NASDAQ:ACIA) now has a 14 day Williams %R of -30.64. UBS initiated coverage on shares of Acacia Communications in a research note on Wednesday, January 31st.

They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. Bank of America lowered Acacia Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday.

When we look at the Analyst Recommendations of the stock, the company has 1.4 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.