Synchronoss Technologies, Inc. (NASDAQ:SNCR) CEO Jeffrey George Miller Sells 8,004 Shares

Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) CEO Jeffrey George Miller sold 8,004 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.99, for a total transaction of $55,947.96. Following the transaction, the chief executive officer now owns 437,560 shares of the company's stock, valued at $3,058,544.40. The trade was a 1.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jeffrey George Miller also recently made the following trade(s):

• On Friday, June 6th, Jeffrey George Miller sold 7,913 shares of Synchronoss Technologies stock. The shares were sold at an average price of $7.06, for a total value of $55,865.78.
• On Thursday, May 1st, Jeffrey George Miller sold 6,289 shares of Synchronoss Technologies stock. The shares were sold at an average price of $10.22, for a total value of $64,273.58.
• On Wednesday, April 23rd, Jeffrey George Miller sold 6,979 shares of Synchronoss Technologies stock. The stock was sold at an average price of $10.50, for a total value of $73,279.50.

Synchronoss Technologies Stock Performance

Shares of Synchronoss Technologies stock traded down $0.20 during trading on Thursday, hitting $6.96. 55,415 shares of the stock were exchanged, compared to its average volume of 83,575. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. The company has a fifty day moving average price of $8.54 and a 200-day moving average price of $9.41. The stock has a market capitalization of $80.03 million, a price-to-earnings ratio of -1.79 and a beta of 1.75. Synchronoss Technologies, Inc. has a 1-year low of $6.31 and a 1-year high of $15.46.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $44.21 million for the quarter, compared to the consensus estimate of $43.76 million. As a group, equities analysts predict that Synchronoss Technologies, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Synchronoss Technologies

Several hedge funds have recently bought and sold shares of the stock. Occudo Quantitative Strategies LP acquired a new position in shares of Synchronoss Technologies in the fourth quarter valued at approximately $98,000. American Century Companies Inc. acquired a new position in Synchronoss Technologies in the 4th quarter valued at $103,000. Barclays PLC increased its position in Synchronoss Technologies by 156.8% during the 4th quarter. Barclays PLC now owns 14,726 shares of the software maker's stock worth $141,000 after buying an additional 8,992 shares during the period. Integrated Quantitative Investments LLC bought a new position in Synchronoss Technologies during the 4th quarter worth $158,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Synchronoss Technologies during the fourth quarter worth $163,000. 51.71% of the stock is currently 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.