Synchronoss Technologies, Inc. (NASDAQ:SNCR) Chairman Sells $17,647.20 in Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Chairman Stephen G. Waldis sold 2,736 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $6.45, for a total transaction of $17,647.20. Following the transaction, the chairman now directly owns 110,065 shares of the company’s stock, valued at $709,919.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Synchronoss Technologies Price Performance

SNCR stock opened at $6.45 on Friday. Synchronoss Technologies, Inc. has a 12 month low of $2.70 and a 12 month high of $13.97. The firm’s fifty day simple moving average is $8.23 and its 200-day simple moving average is $6.51. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 5.11.

Synchronoss Technologies (NASDAQ:SNCR) last posted its earnings results on Tuesday, March 12th. The software maker reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.71). Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. The business had revenue of $41.40 million for the quarter, compared to analyst estimates of $43.76 million. Equities analysts anticipate that Synchronoss Technologies, Inc. will post -2.06 EPS for the current year.

Hedge Funds Weigh In On Synchronoss Technologies

Several institutional investors and hedge funds have recently modified their holdings of SNCR. Bouvel Investment Partners LLC grew its holdings in Synchronoss Technologies by 3.4% during the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock worth $642,000 after acquiring an additional 2,518 shares during the period. First Personal Financial Services purchased a new stake in Synchronoss Technologies in the 4th quarter worth approximately $25,000. Victory Capital Management Inc. acquired a new stake in shares of Synchronoss Technologies during the 4th quarter worth approximately $89,000. Finally, AWM Investment Company Inc. increased its holdings in shares of Synchronoss Technologies by 24.1% during the 3rd quarter. AWM Investment Company Inc. now owns 4,403,591 shares of the software maker’s stock valued at $4,227,000 after purchasing an additional 854,411 shares in the last quarter. Institutional investors and hedge funds 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.