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 Synchronoss Technologies 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 directly owns 437,560 shares of the company's stock, valued at $3,058,544.40. This represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 stock was 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 shares were sold at an average price of $10.50, for a total value of $73,279.50.

Synchronoss Technologies Stock Down 1.8%

Shares of SNCR traded down $0.13 during trading hours on Monday, hitting $6.95. The stock had a trading volume of 33,652 shares, compared to its average volume of 83,169. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a 50 day simple moving average of $8.81 and a 200-day simple moving average of $9.48. The firm has a market capitalization of $79.85 million, a P/E ratio of -1.77 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 (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.75. The business had revenue of $44.21 million for 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%. Sell-side analysts predict that Synchronoss Technologies, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Synchronoss Technologies

A number of large investors have recently modified their holdings of SNCR. Occudo Quantitative Strategies LP acquired a new position in Synchronoss Technologies during the fourth quarter worth $98,000. American Century Companies Inc. bought a new stake in shares of Synchronoss Technologies during the fourth quarter worth about $103,000. Barclays PLC raised its holdings in shares of Synchronoss Technologies by 156.8% in the 4th quarter. Barclays PLC now owns 14,726 shares of the software maker's stock worth $141,000 after acquiring an additional 8,992 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in Synchronoss Technologies in the 4th quarter valued at about $158,000. Finally, Ancora Advisors LLC bought a new position in Synchronoss Technologies in the 4th quarter valued at about $163,000. 51.71% of the stock is currently owned by 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.

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