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

Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Patrick Joseph Doran sold 1,669 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $6.42, for a total value of $10,714.98. Following the sale, the executive vice president now directly owns 66,939 shares in the company, valued at approximately $429,748.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value 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 Down 1.7 %

Shares of Synchronoss Technologies stock opened at $6.31 on Friday. The business’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $6.49. Synchronoss Technologies, Inc. has a 52-week low of $2.70 and a 52-week high of $13.97. The firm has a market cap of $65.06 million, a PE ratio of -0.95 and a beta of 1.66. The company has a debt-to-equity ratio of 5.11, a quick ratio of 1.72 and a current ratio of 1.72.

Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly 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). The company had revenue of $41.40 million during the quarter, compared to the consensus estimate of $43.76 million. Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. On average, analysts predict that Synchronoss Technologies, Inc. will post -2.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bouvel Investment Partners LLC boosted its stake in shares of Synchronoss Technologies by 3.4% during the 1st quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock worth $642,000 after acquiring an additional 2,518 shares during the period. Victory Capital Management Inc. bought a new position in shares of Synchronoss Technologies during the 4th quarter worth approximately $89,000. First Personal Financial Services bought a new position in shares of Synchronoss Technologies during the 4th quarter worth approximately $25,000. Vanguard Group Inc. boosted its stake in shares of Synchronoss Technologies by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,146,816 shares of the software maker’s stock worth $4,941,000 after acquiring an additional 783,000 shares during the period. Finally, AWM Investment Company Inc. boosted its stake 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 worth $4,227,000 after acquiring an additional 854,411 shares during the period. 51.71% of the stock is currently owned by 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.