Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Patrick Joseph Doran Sells 2,153 Shares

Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) EVP Patrick Joseph Doran sold 2,153 shares of Synchronoss Technologies 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 completion of the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $6.54, for a total transaction of $13,550.88.
• On Monday, April 28th, Patrick Joseph Doran sold 1,751 shares of Synchronoss Technologies stock. The stock was sold at an average price of $10.68, for a total transaction of $18,700.68.

Synchronoss Technologies Trading Up 2.0%

SNCR stock traded up $0.13 during trading on Friday, hitting $6.73. The company had a trading volume of 54,786 shares, compared to its average volume of 82,605. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. The firm has a 50-day moving average price of $9.26 and a 200-day moving average price of $9.54. 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 $77.38 million, a price-to-earnings ratio of -1.73 and a beta of 1.85.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The software maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.75. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. The firm had revenue of $44.21 million during the quarter, compared to analysts' expectations of $43.76 million. As a group, analysts predict that Synchronoss Technologies, Inc. will post 0.1 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ancora Advisors LLC raised its position in shares of Synchronoss Technologies by 762.4% during the 1st quarter. Ancora Advisors LLC now owns 146,871 shares of the software maker's stock valued at $1,599,000 after acquiring an additional 129,840 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Synchronoss Technologies during the 1st quarter valued at $914,000. Man Group plc raised 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 valued at $1,178,000 after acquiring an additional 69,569 shares during the last quarter. Informed Momentum Co LLC bought a new stake in shares of Synchronoss Technologies during the 1st quarter valued at $569,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Synchronoss Technologies during the 4th quarter valued at $404,000. Institutional investors own 51.71% of the company's stock.

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.