Jeffrey George Miller Sells 7,913 Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) CEO Jeffrey George Miller sold 7,913 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 429,647 shares of the company’s stock, valued at approximately $3,033,307.82. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Synchronoss Technologies Stock Performance

NASDAQ SNCR opened at $6.99 on Tuesday. The firm has a market capitalization of $80.37 million, a P/E ratio of -1.80 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. 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 business’s 50-day simple moving average is $8.72 and its 200-day simple moving average is $9.46.

Synchronoss Technologies (NASDAQ:SNCR) last announced its earnings results on Tuesday, March 11th. The software maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.10 by $0.75. The business had revenue of $44.21 million for the quarter, compared to the consensus estimate of $43.76 million. Synchronoss Technologies had a negative return on equity of 10.99% and a negative net margin of 20.00%. Equities analysts predict that Synchronoss Technologies, Inc. will post 0.1 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Friday, March 14th.

Institutional Investors Weigh In On Synchronoss Technologies

Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Synchronoss Technologies in the 1st quarter valued at approximately $260,000. Goldman Sachs Group Inc. increased its holdings in shares of Synchronoss Technologies by 212.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 32,600 shares of the software maker’s stock valued at $355,000 after acquiring an additional 22,160 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of Synchronoss Technologies by 762.4% in the 1st quarter. Ancora Advisors LLC now owns 146,871 shares of the software maker’s stock valued at $1,599,000 after acquiring an additional 129,840 shares during the last quarter. Trexquant Investment LP grew its stake in Synchronoss Technologies by 167.5% during the 1st quarter. Trexquant Investment LP now owns 48,001 shares of the software maker’s stock worth $523,000 after buying an additional 30,056 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Synchronoss Technologies during the 1st quarter worth $914,000. 51.71% of the stock is currently owned by hedge funds and other institutional investors.

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.