Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) CFO Lou Ferraro sold 2,477 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $6.57, for a total value of $16,273.89. Following the completion of the sale, the chief financial officer now directly owns 132,979 shares of the company's stock, valued at approximately $873,672.03. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Lou Ferraro also recently made the following trade(s):
- On Wednesday, May 28th, Lou Ferraro sold 2,384 shares of Synchronoss Technologies stock. The stock was sold at an average price of $6.54, for a total value of $15,591.36.
Synchronoss Technologies Stock Up 2.0%
Shares of NASDAQ:SNCR traded up $0.13 during midday trading on Friday, hitting $6.73. 54,786 shares of the stock were exchanged, compared to its average volume of 82,605. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. Synchronoss Technologies, Inc. has a 52-week low of $6.31 and a 52-week high of $15.46. The business's fifty day simple moving average is $9.26 and its two-hundred day simple moving average is $9.54. The company has a market capitalization of $77.38 million, a PE ratio of -1.73 and a beta of 1.85.
Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.75. Synchronoss Technologies had a negative return on equity of 10.99% and a negative net margin of 20.00%. The business had revenue of $44.21 million during the quarter, compared to analyst estimates of $43.76 million. As a group, research analysts predict that Synchronoss Technologies, Inc. will post 0.1 earnings per share for the current fiscal year.
Institutional Trading of Synchronoss Technologies
Several hedge funds and other institutional investors have recently modified their holdings of SNCR. Allspring Global Investments Holdings LLC raised its holdings in Synchronoss Technologies by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker's stock valued at $5,468,000 after buying an additional 11,023 shares in the last quarter. Ancora Advisors LLC raised its holdings in Synchronoss Technologies by 762.4% during the first quarter. Ancora Advisors LLC now owns 146,871 shares of the software maker's stock valued at $1,599,000 after buying an additional 129,840 shares in the last quarter. Man Group plc raised its holdings in Synchronoss Technologies by 131.0% during the fourth quarter. Man Group plc now owns 122,667 shares of the software maker's stock valued at $1,178,000 after buying an additional 69,569 shares in the last quarter. Geode Capital Management LLC raised its holdings in Synchronoss Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 106,408 shares of the software maker's stock valued at $1,022,000 after buying an additional 1,851 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Synchronoss Technologies during the first quarter valued at about $914,000. 51.71% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Synchronoss Technologies from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.
Read Our Latest Research Report on SNCR
About Synchronoss Technologies
(
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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