Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) CEO Jeffrey George Miller sold 6,979 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $10.50, for a total transaction of $73,279.50. Following the completion of the sale, the chief executive officer now directly owns 451,853 shares of the company's stock, valued at approximately $4,744,456.50. This trade represents a 1.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jeffrey George Miller also recently made the following trade(s):
- On Thursday, February 13th, Jeffrey George Miller sold 17,389 shares of Synchronoss Technologies stock. The shares were sold at an average price of $10.34, for a total value of $179,802.26.
Synchronoss Technologies Stock Performance
Shares of SNCR stock opened at $10.92 on Friday. The firm has a 50 day moving average of $10.20 and a two-hundred day moving average of $10.13. The stock has a market capitalization of $125.48 million, a PE ratio of -2.81 and a beta of 1.78. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. Synchronoss Technologies, Inc. has a 52 week low of $6.02 and a 52 week high of $15.46.
Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last released its earnings results on Tuesday, March 11th. The software maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.10 by $0.75. The firm had revenue of $44.21 million during the quarter, compared to analysts' expectations of $43.76 million. Synchronoss Technologies had a negative return on equity of 10.99% and a negative net margin of 20.00%. On average, research analysts predict that Synchronoss Technologies, Inc. will post 0.1 EPS for the current fiscal year.
Institutional Trading of Synchronoss Technologies
Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Synchronoss Technologies by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker's stock worth $5,468,000 after acquiring an additional 11,023 shares in the last quarter. Man Group plc lifted its position in shares of Synchronoss Technologies by 131.0% during the 4th quarter. Man Group plc now owns 122,667 shares of the software maker's stock worth $1,178,000 after purchasing an additional 69,569 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Synchronoss Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 106,408 shares of the software maker's stock worth $1,022,000 after purchasing an additional 1,851 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Synchronoss Technologies by 9.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 80,633 shares of the software maker's stock valued at $774,000 after buying an additional 7,171 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Synchronoss Technologies by 55.3% in the fourth quarter. Marshall Wace LLP now owns 80,166 shares of the software maker's stock valued at $770,000 after buying an additional 28,551 shares during the last quarter. Institutional investors and hedge funds own 51.71% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Synchronoss Technologies from a "hold" rating to a "buy" rating in a research note on Friday, March 14th.
Check Out Our Latest Research Report on Synchronoss Technologies
Synchronoss Technologies Company Profile
(
Get Free Report)
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.
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