Synchronoss Technologies, Inc. (NASDAQ:SNCR) CEO Sells $55,865.78 in Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) CEO Jeffrey George Miller sold 7,913 shares of Synchronoss Technologies stock in a transaction on Friday, June 6th. The shares were sold at an average price of $7.06, for a total value of $55,865.78. Following the transaction, the chief executive officer now directly owns 429,647 shares of the company's stock, valued at approximately $3,033,307.82. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, June 5th, Jeffrey George Miller sold 8,004 shares of Synchronoss Technologies stock. The shares were sold at an average price of $6.99, for a total value of $55,947.96.
• 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 Down 0.4%

NASDAQ SNCR traded down $0.03 during trading on Wednesday, hitting $7.16. The stock had a trading volume of 45,847 shares, compared to its average volume of 83,569. Synchronoss Technologies, Inc. has a 12 month low of $6.31 and a 12 month high of $15.46. The company has a market capitalization of $82.33 million, a PE ratio of -1.85 and a beta of 1.75. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. The company's 50-day moving average price is $8.59 and its two-hundred day moving average price is $9.43.

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, beating analysts' consensus estimates of $0.10 by $0.75. The firm 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%. As a group, sell-side analysts forecast that Synchronoss Technologies, Inc. will post 0.1 EPS for the current year.

Institutional Trading of Synchronoss Technologies

Large investors have recently modified their holdings of the stock. Occudo Quantitative Strategies LP bought a new position in Synchronoss Technologies in the fourth quarter valued at about $98,000. American Century Companies Inc. purchased a new position in shares of Synchronoss Technologies during the fourth quarter valued at approximately $103,000. Barclays PLC boosted its position in Synchronoss Technologies by 156.8% in the fourth quarter. Barclays PLC now owns 14,726 shares of the software maker's stock worth $141,000 after purchasing an additional 8,992 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of Synchronoss Technologies in the fourth quarter valued at $158,000. Finally, Ancora Advisors LLC bought a new stake in shares of Synchronoss Technologies in the fourth quarter valued at $163,000. 51.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.