Synchronoss Technologies Inc. (NASDAQ:SNCR) Director Donnie Moore sold 5,500 shares of Synchronoss Technologies stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $39.38, for a total transaction of $216,590.00. Following the completion of the sale, the director now owns 25,592 shares in the company, valued at $1,007,812.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Donnie Moore also recently made the following trade(s):

  • On Monday, September 12th, Donnie Moore sold 5,500 shares of Synchronoss Technologies stock. The shares were sold at an average price of $40.63, for a total transaction of $223,465.00.

Synchronoss Technologies Inc. (NASDAQ:SNCR) opened at 36.78 on Tuesday. The company’s 50 day moving average is $41.09 and its 200-day moving average is $36.67. Synchronoss Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $43.65. The stock has a market capitalization of $1.59 billion, a PE ratio of 623.39 and a beta of 2.15.

Synchronoss Technologies (NASDAQ:SNCR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.04. Synchronoss Technologies had a net margin of 0.52% and a return on equity of 13.12%. The firm had revenue of $161.49 million for the quarter, compared to the consensus estimate of $156.99 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. Analysts forecast that Synchronoss Technologies Inc. will post $2.51 earnings per share for the current fiscal year.

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

A number of hedge funds have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its stake 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 worth $34,319,000 after buying an additional 48,351 shares during the period. BlackRock Group LTD increased its stake 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 worth $2,282,000 after buying an additional 20,192 shares during the period. UBS Asset Management Americas Inc. increased its stake 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 worth $9,531,000 after buying an additional 2,224 shares during the period. Nuveen Asset Management LLC increased its stake 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 worth $2,757,000 after buying an additional 4,946 shares during the period. Finally, Prudential Financial Inc. increased its stake 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 worth $3,106,000 after buying an additional 4,100 shares during the period. 81.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on SNCR. Zacks Investment Research upgraded shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a report on Tuesday, August 9th. Stephens began coverage on shares of Synchronoss Technologies in a research note on Wednesday, August 10th. They issued an “overweight” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.44.

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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