Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Patrick Joseph Doran Sells 1,669 Shares

Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Patrick Joseph Doran sold 1,669 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $6.42, for a total value of $10,714.98. Following the completion of the transaction, the executive vice president now directly owns 66,939 shares of the company’s stock, valued at $429,748.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Patrick Joseph Doran also recently made the following trade(s):

• On Wednesday, April 10th, Patrick Joseph Doran sold 700 shares of Synchronoss Technologies stock. The stock was sold at an average price of $7.68, for a total transaction of $5,376.00.
• On Tuesday, March 5th, Patrick Joseph Doran sold 2,750 shares of Synchronoss Technologies stock. The stock was sold at an average price of $9.33, for a total value of $25,657.50.

Synchronoss Technologies Stock Performance

NASDAQ:SNCR traded down $0.11 on Friday, hitting $6.31. The company’s stock had a trading volume of 34,056 shares, compared to its average volume of 102,515. Synchronoss Technologies, Inc. has a one year low of $2.70 and a one year high of $13.97. The firm has a market capitalization of $65.06 million, a P/E ratio of -0.99 and a beta of 1.66. The stock has a fifty day moving average of $8.78 and a two-hundred day moving average of $6.50. 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 (NASDAQ:SNCR) last issued its quarterly earnings data on Tuesday, March 12th. The software maker reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.71). Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. The business had revenue of $41.40 million for the quarter, compared to analyst estimates of $43.76 million. Research analysts predict that Synchronoss Technologies, Inc. will post -2.06 earnings per share for the current year.

Hedge Funds Weigh In On Synchronoss Technologies

Several institutional investors have recently modified their holdings of SNCR. First Personal Financial Services bought a new position in shares of Synchronoss Technologies during the 4th quarter worth $25,000. Prudential Financial Inc. purchased a new position in Synchronoss Technologies in the 2nd quarter worth $30,000. Quadrature Capital Ltd bought a new position in Synchronoss Technologies during the 3rd quarter worth approximately $32,000. Jane Street Group LLC bought a new position in shares of Synchronoss Technologies in the 2nd quarter worth approximately $36,000. Finally, HighTower Advisors LLC purchased a new stake in Synchronoss Technologies in the third quarter worth $37,000. 51.71% of the stock is owned by institutional investors.

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.