Insider Selling: Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Sells 1,669 Shares of Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Patrick Joseph Doran sold 1,669 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $6.42, for a total transaction of $10,714.98. Following the completion of the transaction, the executive vice president now owns 66,939 shares in the company, valued at $429,748.38. The sale was disclosed in a 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 shares were sold at an average price of $7.68, for a total transaction of $5,376.00.
• On Tuesday, March 5th, Patrick Joseph Doran sold 2,750 shares of Synchronoss Technologies stock. The shares were sold at an average price of $9.33, for a total transaction of $25,657.50.

Synchronoss Technologies Price Performance

Shares of Synchronoss Technologies stock opened at $6.31 on Friday. Synchronoss Technologies, Inc. has a 52 week low of $2.70 and a 52 week high of $13.97. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 5.11. The firm’s 50 day moving average is $8.78 and its two-hundred day moving average is $6.48.

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

Institutional Investors Weigh In On Synchronoss Technologies

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of Synchronoss Technologies by 52.7% during the third quarter. Jane Street Group LLC now owns 48,159 shares of the software maker’s stock worth $55,000 after purchasing an additional 16,630 shares during the period. UBS Group AG increased its position in shares of Synchronoss Technologies by 667.6% in the fourth quarter. UBS Group AG now owns 79,841 shares of the software maker’s stock valued at $50,000 after buying an additional 69,440 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Synchronoss Technologies in the second quarter valued at $49,000. HighTower Advisors LLC purchased a new stake in Synchronoss Technologies during the 3rd quarter worth about $37,000. Finally, Quadrature Capital Ltd purchased a new stake in Synchronoss Technologies during the 3rd quarter worth about $32,000. 51.71% of the stock is owned by institutional investors and hedge funds.

About Synchronoss Technologies

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.