Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Sells $14,145.21 in Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) EVP Patrick Joseph Doran sold 2,153 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $6.57, for a total transaction of $14,145.21. Following the sale, the executive vice president now directly owns 164,211 shares of the company's stock, valued at $1,078,866.27. This trade represents a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, May 28th, Patrick Joseph Doran sold 2,072 shares of Synchronoss Technologies stock. The stock was sold at an average price of $6.54, for a total value of $13,550.88.
• On Monday, April 28th, Patrick Joseph Doran sold 1,751 shares of Synchronoss Technologies stock. The shares were sold at an average price of $10.68, for a total value of $18,700.68.

Synchronoss Technologies Stock Performance

SNCR stock traded up $0.11 on Tuesday, hitting $7.00. The company had a trading volume of 68,492 shares, compared to its average volume of 82,945. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. Synchronoss Technologies, Inc. has a 12-month low of $6.31 and a 12-month high of $15.46. The stock has a market cap of $80.49 million, a price-to-earnings ratio of -1.80 and a beta of 1.85. The stock's 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.51.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $44.21 million during the quarter, compared to analyst estimates of $43.76 million. Synchronoss Technologies had a negative return on equity of 10.99% and a negative net margin of 20.00%. As a group, equities research analysts expect that Synchronoss Technologies, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Synchronoss Technologies from a "hold" rating to a "buy" rating in a report on Friday, March 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SNCR. Jane Street Group LLC purchased a new stake in shares of Synchronoss Technologies during the 1st quarter valued at about $260,000. Goldman Sachs Group Inc. increased its holdings in Synchronoss Technologies by 212.3% during the first quarter. Goldman Sachs Group Inc. now owns 32,600 shares of the software maker's stock valued at $355,000 after buying an additional 22,160 shares during the last quarter. Ancora Advisors LLC increased 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 during the last quarter. Trexquant Investment LP raised its position in Synchronoss Technologies by 167.5% in the first quarter. Trexquant Investment LP now owns 48,001 shares of the software maker's stock worth $523,000 after acquiring an additional 30,056 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Synchronoss Technologies during the 1st quarter worth $914,000. 51.71% of the stock is owned by hedge funds and other institutional investors.

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.