Insider Selling: Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Sells $31,018.05 in Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Laurie Harris sold 4,809 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $6.45, for a total transaction of $31,018.05. Following the completion of the sale, the director now owns 42,319 shares of the company’s stock, valued at approximately $272,957.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Laurie Harris also recently made the following trade(s):

• On Friday, April 12th, Laurie Harris sold 411 shares of Synchronoss Technologies stock. The stock was sold at an average price of $7.65, for a total value of $3,144.15.

Synchronoss Technologies Stock Performance

NASDAQ SNCR opened at $6.45 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 5.11. Synchronoss Technologies, Inc. has a 52 week low of $2.70 and a 52 week high of $13.97. The business’s fifty day simple moving average is $8.23 and its 200-day simple moving average is $6.51.

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

Hedge Funds Weigh In On Synchronoss Technologies

Several large investors have recently modified their holdings of the business. Bouvel Investment Partners LLC raised its holdings in Synchronoss Technologies by 3.4% in the 1st quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock valued at $642,000 after buying an additional 2,518 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Synchronoss Technologies in the 4th quarter worth approximately $89,000. First Personal Financial Services purchased a new position in shares of Synchronoss Technologies during the 4th quarter worth approximately $25,000. Finally, AWM Investment Company Inc. increased its holdings in Synchronoss Technologies by 24.1% in 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 during 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.