Synchronoss Technologies Inc. (NASDAQ:SNCR) CFO Karen Rosenberger sold 755 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $40.86, for a total value of $30,849.30. Following the completion of the sale, the chief financial officer now owns 44,219 shares in the company, valued at $1,806,788.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Karen Rosenberger also recently made the following trade(s):

  • On Monday, August 22nd, Karen Rosenberger sold 83 shares of Synchronoss Technologies stock. The shares were sold at an average price of $40.77, for a total value of $3,383.91.

Synchronoss Technologies Inc. (NASDAQ:SNCR) opened at 40.72 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 690.17 and a beta of 2.15. Synchronoss Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $43.65. The stock’s 50 day moving average price is $41.49 and its 200 day moving average price is $36.26.

Synchronoss Technologies (NASDAQ:SNCR) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The firm earned $161.49 million during the quarter, compared to analysts’ expectations of $156.99 million. Synchronoss Technologies had a return on equity of 13.12% and a net margin of 0.52%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. On average, equities research analysts predict that Synchronoss Technologies Inc. will post $2.51 EPS for the current year.

Insider Buying and Selling by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

A number of brokerages have weighed in on SNCR. Zacks Investment Research upgraded Synchronoss Technologies from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, August 9th. Stephens began coverage on Synchronoss Technologies in a research report on Wednesday, August 10th. They issued an “overweight” rating and a $50.00 price target on the stock. Credit Suisse Group AG reiterated a “buy” rating on shares of Synchronoss Technologies in a research report on Friday, June 10th. Drexel Hamilton restated a “buy” rating on shares of Synchronoss Technologies in a report on Friday, June 10th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Synchronoss Technologies in a report on Friday, June 10th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.44.

Institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its position in shares of Synchronoss Technologies by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,061,209 shares of the company’s stock valued at $34,319,000 after buying an additional 48,351 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Synchronoss Technologies by 40.1% in the first quarter. BlackRock Group LTD now owns 70,554 shares of the company’s stock valued at $2,282,000 after buying an additional 20,192 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Synchronoss Technologies by 0.8% in the first quarter. UBS Asset Management Americas Inc. now owns 294,714 shares of the company’s stock valued at $9,531,000 after buying an additional 2,224 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Synchronoss Technologies by 4.5% in the first quarter. Prudential Financial Inc. now owns 96,037 shares of the company’s stock valued at $3,106,000 after buying an additional 4,100 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Synchronoss Technologies by 6.2% in the first quarter. Nuveen Asset Management LLC now owns 85,225 shares of the company’s stock valued at $2,757,000 after buying an additional 4,946 shares in the last quarter. 81.27% of the stock is owned by hedge funds and other institutional investors.

About Synchronoss Technologies

Synchronoss Technologies, Inc (Synchronoss) offers cloud solutions and software-based activation for mobile carriers, enterprises, retailers and original equipment manufacturers (OEMs). The Company operates in providing cloud solutions and software-based activation for connected devices segment. Its software provides consumer and enterprise solutions for transactions on a range of connected devices across the world’s networks.

5 Day Chart for NASDAQ:SNCR

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