Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Sells $10,714.98 in Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Patrick Joseph Doran sold 1,669 shares of Synchronoss Technologies stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $6.42, for a total value of $10,714.98. Following the sale, the executive vice president now directly owns 66,939 shares of the company’s stock, valued at approximately $429,748.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Patrick Joseph Doran also recently made the following trade(s):

• On Wednesday, April 10th, Patrick Joseph Doran sold 700 shares of Synchronoss Technologies stock. The stock was sold at an average price of $7.68, for a total value of $5,376.00.
• On Tuesday, March 5th, Patrick Joseph Doran sold 2,750 shares of Synchronoss Technologies stock. The stock was sold at an average price of $9.33, for a total value of $25,657.50.

Synchronoss Technologies Stock Down 1.7 %

Shares of NASDAQ SNCR traded down $0.11 during mid-day trading on Friday, hitting $6.31. 34,056 shares of the stock traded hands, compared to its average volume of 102,515. Synchronoss Technologies, Inc. has a 52 week low of $2.70 and a 52 week high of $13.97. The company has a market cap of $65.06 million, a price-to-earnings ratio of -0.99 and a beta of 1.66. The company has a debt-to-equity ratio of 5.11, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a fifty day moving average price of $8.78 and a 200-day moving average price of $6.50.

Synchronoss Technologies (NASDAQ:SNCR) last released its quarterly earnings data on Tuesday, March 12th. The software maker reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.71). Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. The firm had revenue of $41.40 million for the quarter, compared to the consensus estimate of $43.76 million. Research analysts anticipate that Synchronoss Technologies, Inc. will post -2.06 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bouvel Investment Partners LLC lifted its holdings in shares of Synchronoss Technologies by 3.4% in the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock worth $642,000 after buying an additional 2,518 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Synchronoss Technologies during the 4th quarter worth about $89,000. First Personal Financial Services bought a new stake in shares of Synchronoss Technologies during the fourth quarter worth $25,000. Vanguard Group Inc. boosted its holdings in shares of Synchronoss Technologies by 17.9% in the third quarter. Vanguard Group Inc. now owns 5,146,816 shares of the software maker’s stock valued at $4,941,000 after purchasing an additional 783,000 shares during the period. Finally, AWM Investment Company Inc. grew its position in shares of Synchronoss Technologies by 24.1% during the 3rd quarter. AWM Investment Company Inc. now owns 4,403,591 shares of the software maker’s stock worth $4,227,000 after buying an additional 854,411 shares in the last quarter. 51.71% of the stock is owned by hedge funds and other institutional investors.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.