Synchronoss Technologies Inc. (NASDAQ:SNCR) Director Donnie Moore sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $47.93, for a total transaction of $263,615.00. Following the completion of the transaction, the director now owns 29,092 shares in the company, valued at approximately $1,394,379.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, October 12th, Donnie Moore sold 5,500 shares of Synchronoss Technologies stock. The stock was sold at an average price of $39.38, for a total transaction of $216,590.00.
  • On Monday, September 12th, Donnie Moore sold 5,500 shares of Synchronoss Technologies stock. The stock was sold at an average price of $40.63, for a total transaction of $223,465.00.

Synchronoss Technologies Inc. (NASDAQ:SNCR) opened at 48.18 on Friday. The firm has a 50-day moving average of $40.39 and a 200 day moving average of $38.02. The company has a market capitalization of $2.11 billion, a P/E ratio of 3706.15 and a beta of 2.21. Synchronoss Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $48.25.

Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Synchronoss Technologies had a net margin of 0.19% and a return on equity of 13.97%. The firm had revenue of $180.98 million for the quarter, compared to the consensus estimate of $177.83 million. During the same quarter in the previous year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. Equities analysts predict that Synchronoss Technologies Inc. will post $2.57 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new position in shares of Synchronoss Technologies during the third quarter worth about $1,050,000. Dana Investment Advisors Inc. purchased a new position in shares of Synchronoss Technologies during the third quarter worth about $2,089,000. Panagora Asset Management Inc. increased its position in shares of Synchronoss Technologies by 1,006.8% in the third quarter. Panagora Asset Management Inc. now owns 75,648 shares of the company’s stock worth $3,115,000 after buying an additional 68,813 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Synchronoss Technologies during the third quarter worth about $4,746,000. Finally, Arrowgrass Capital Partners US LP increased its position in shares of Synchronoss Technologies by 35.9% in the third quarter. Arrowgrass Capital Partners US LP now owns 86,244 shares of the company’s stock worth $3,552,000 after buying an additional 22,792 shares during the last quarter. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Synchronoss Technologies from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Friday, November 11th. Wells Fargo & Co. restated an “outperform” rating and set a $49.00 price objective (up previously from $44.50) on shares of Synchronoss Technologies in a research report on Thursday, November 10th. Stephens assumed coverage on shares of Synchronoss Technologies in a research report on Wednesday, August 10th. They set an “overweight” rating and a $50.00 price objective on the stock. Finally, Credit Suisse Group AG restated a “buy” rating and set a $55.00 price objective on shares of Synchronoss Technologies in a research report on Tuesday, November 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Synchronoss Technologies has a consensus rating of “Buy” and a consensus target price of $50.38.

Synchronoss Technologies Company Profile

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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