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 Synchronoss Technologies stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $10.34, for a total value of $179,802.26. Following the transaction, the chief executive officer now owns 336,232 shares of the company’s stock, valued at $3,476,638.88. The trade was a 4.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Synchronoss Technologies Stock Performance

Shares of Synchronoss Technologies stock traded down $0.11 on Monday, hitting $9.50. The stock had a trading volume of 34,450 shares, compared to its average volume of 49,939. The business’s 50 day moving average is $9.56 and its two-hundred day moving average is $11.01. The stock has a market cap of $102.98 million, a price-to-earnings ratio of -2.45 and a beta of 1.99. Synchronoss Technologies, Inc. has a twelve month low of $6.02 and a twelve month high of $15.46. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75.

Hedge Funds Weigh In On Synchronoss Technologies

A number of hedge funds have recently added to or reduced their stakes in SNCR. JPMorgan Chase & Co. grew its holdings in shares of Synchronoss Technologies by 54,341.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,797 shares of the software maker’s stock worth $875,000 after purchasing an additional 58,689 shares in the last quarter. Geode Capital Management LLC grew its stake in Synchronoss Technologies by 4.1% during the third quarter. Geode Capital Management LLC now owns 104,557 shares of the software maker’s stock worth $1,557,000 after buying an additional 4,159 shares in the last quarter. Barclays PLC increased its holdings in Synchronoss Technologies by 603.6% in the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock valued at $85,000 after buying an additional 4,919 shares during the period. State Street Corp increased its holdings in Synchronoss Technologies by 12.9% in the 3rd quarter. State Street Corp now owns 35,075 shares of the software maker’s stock valued at $522,000 after buying an additional 4,000 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Synchronoss Technologies by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker’s stock valued at $5,468,000 after buying an additional 11,023 shares in the last quarter. Institutional investors own 51.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SNCR shares. Roth Capital upgraded Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th. Roth Mkm raised shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $13.00 in a research report on Monday, November 25th.

About Synchronoss Technologies

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.