Synchronoss Technologies, Inc. (NASDAQ:SNCR) CEO Jeffrey George Miller Sells 17,389 Shares

Synchronoss Technologies, Inc. (NASDAQ:SNCR) CEO Jeffrey George Miller sold 17,389 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $10.34, for a total transaction of $179,802.26. Following the completion of the transaction, the chief executive officer now owns 336,232 shares in the company, valued at approximately $3,476,638.88. This trade represents a 4.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Synchronoss Technologies Trading Down 1.1 %

Shares of NASDAQ:SNCR opened at $9.50 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. Synchronoss Technologies, Inc. has a 12-month low of $6.02 and a 12-month high of $15.46. The business has a 50 day moving average of $9.55 and a two-hundred day moving average of $11.00. The company has a market capitalization of $102.98 million, a PE ratio of -2.45 and a beta of 1.99.

Institutional Trading of Synchronoss Technologies

A number of hedge funds have recently added to or reduced their stakes in SNCR. Barclays PLC raised its position in shares of Synchronoss Technologies by 603.6% in the third quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after acquiring an additional 4,919 shares during the period. Occudo Quantitative Strategies LP purchased a new position in shares of Synchronoss Technologies in the 4th quarter valued at about $98,000. American Century Companies Inc. acquired a new position in Synchronoss Technologies in the 4th quarter worth about $103,000. Integrated Quantitative Investments LLC purchased a new position in Synchronoss Technologies during the fourth quarter worth approximately $158,000. Finally, Ancora Advisors LLC purchased a new position in Synchronoss Technologies during the fourth quarter worth approximately $163,000. 51.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNCR has been the topic of a number of research reports. Roth Capital upgraded shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th. Roth Mkm raised Synchronoss Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $13.00 in a research report on Monday, November 25th.

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.