Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report) Chairman Stephen G. Waldis sold 2,736 shares of Synchronoss Technologies stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $6.45, for a total value of $17,647.20. Following the completion of the sale, the chairman now owns 110,065 shares of the company's stock, valued at $709,919.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Synchronoss Technologies Trading Up 2.2 %
NASDAQ:SNCR opened at $6.45 on Thursday. The company has a debt-to-equity ratio of 5.11, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a 50-day simple moving average of $8.43 and a 200-day simple moving average of $6.50. Synchronoss Technologies, Inc. has a one year low of $2.70 and a one year high of $13.97.
Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last posted its earnings results on Tuesday, March 12th. The software maker reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.71). Synchronoss Technologies had a negative return on equity of 17.99% and a negative net margin of 25.43%. The company had revenue of $41.40 million for the quarter, compared to analysts' expectations of $43.76 million. On average, equities research analysts forecast that Synchronoss Technologies, Inc. will post -2.06 earnings per share for the current year.
Hedge Funds Weigh In On Synchronoss Technologies
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bouvel Investment Partners LLC boosted its holdings in shares of 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 in the last quarter. First Personal Financial Services acquired a new position in shares of Synchronoss Technologies during the fourth quarter worth $25,000. Victory Capital Management Inc. acquired a new position in shares of Synchronoss Technologies during the fourth quarter worth $89,000. Finally, AWM Investment Company Inc. lifted 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 during the last quarter. Hedge funds and other institutional investors own 51.71% of the company's stock.
About Synchronoss Technologies
(
Get Free Report)
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.
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