Synchronoss Technologies, Inc. (NASDAQ:SNCR) Shares Sold by Equitec Proprietary Markets LLC

Equitec Proprietary Markets LLC lowered its position in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) by 92.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,804 shares of the software maker's stock after selling 1,766,337 shares during the period. Synchronoss Technologies accounts for approximately 0.7% of Equitec Proprietary Markets LLC's portfolio, making the stock its 16th largest position. Equitec Proprietary Markets LLC owned 1.42% of Synchronoss Technologies worth $912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Personal Financial Services acquired a new position in shares of Synchronoss Technologies during the fourth quarter worth $25,000. Jane Street Group LLC grew its stake 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 in the last quarter. Millennium Management LLC grew its stake in shares of Synchronoss Technologies by 6.1% during the second quarter. Millennium Management LLC now owns 415,725 shares of the software maker's stock worth $478,000 after purchasing an additional 24,015 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Synchronoss Technologies by 25.7% during the second quarter. Citadel Advisors LLC now owns 118,979 shares of the software maker's stock worth $111,000 after purchasing an additional 24,307 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Synchronoss Technologies during the second quarter worth $30,000. Institutional investors and hedge funds own 51.71% of the company's stock.

Insider Buying and Selling

In related news, EVP Patrick Joseph Doran sold 2,750 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $9.33, for a total transaction of $25,657.50. Following the transaction, the executive vice president now owns 69,308 shares in the company, valued at approximately $646,643.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Kevin Rendino acquired 5,000 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was bought at an average cost of $9.30 per share, with a total value of $46,500.00. Following the transaction, the director now owns 888,892 shares of the company's stock, valued at $8,266,695.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Joseph Doran sold 2,750 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $9.33, for a total value of $25,657.50. Following the sale, the executive vice president now directly owns 69,308 shares of the company's stock, valued at $646,643.64. The disclosure for this sale can be found here. Insiders have sold 4,437 shares of company stock worth $39,201 in the last quarter. 6.90% of the stock is owned by insiders.

Synchronoss Technologies Stock Down 3.8 %

Shares of SNCR stock traded down $0.30 on Friday, reaching $7.50. 40,575 shares of the stock were exchanged, compared to its average volume of 47,890. Synchronoss Technologies, Inc. has a twelve month low of $2.70 and a twelve month high of $13.97. The company has a market capitalization of $77.33 million, a price-to-earnings ratio of -1.13 and a beta of 1.66. 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 business's 50 day moving average price is $8.75 and its 200 day moving average price is $6.53.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The software maker reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.71). The firm 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%. As a group, sell-side analysts expect that Synchronoss Technologies, Inc. will post -2.06 earnings per share for the current fiscal year.

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's product EngageX, offers personal cloud, which helps in backup, manage, and engage with content; multi-channel messaging, peer-to-peer communications, and application-to-person commerce solutions; and email solutions.