Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Sells $10,952.19 in Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) EVP Christina Gabrys sold 1,667 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $6.57, for a total transaction of $10,952.19. Following the transaction, the executive vice president now directly owns 70,975 shares in the company, valued at approximately $466,305.75. This represents a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Christina Gabrys also recently made the following trade(s):

• On Wednesday, May 28th, Christina Gabrys sold 1,604 shares of Synchronoss Technologies stock. The shares were sold at an average price of $6.54, for a total transaction of $10,490.16.
• On Tuesday, April 22nd, Christina Gabrys sold 785 shares of Synchronoss Technologies stock. The shares were sold at an average price of $10.40, for a total transaction of $8,164.00.

Synchronoss Technologies Trading Up 2.0%

Shares of SNCR stock traded up $0.13 on Friday, hitting $6.73. 54,786 shares of the company's stock traded hands, compared to its average volume of 82,605. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. Synchronoss Technologies, Inc. has a one year low of $6.31 and a one year high of $15.46. The company's fifty day simple moving average is $9.26 and its 200 day simple moving average is $9.54. The stock has a market capitalization 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 announced its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 20.00% and a negative return on equity of 10.99%. Equities analysts forecast that Synchronoss Technologies, Inc. will post 0.1 EPS for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Synchronoss Technologies

A number of large investors have recently added to or reduced their stakes in SNCR. Ancora Advisors LLC grew its holdings in Synchronoss Technologies by 762.4% in the 1st quarter. Ancora Advisors LLC now owns 146,871 shares of the software maker's stock worth $1,599,000 after acquiring an additional 129,840 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Synchronoss Technologies in the 1st quarter worth $914,000. Man Group plc grew its holdings in Synchronoss Technologies by 131.0% in the 4th quarter. Man Group plc now owns 122,667 shares of the software maker's stock worth $1,178,000 after acquiring an additional 69,569 shares during the last quarter. Informed Momentum Co LLC bought a new stake in Synchronoss Technologies in the 1st quarter worth $569,000. Finally, Two Sigma Advisers LP bought a new stake in Synchronoss Technologies in the 4th quarter worth $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.