Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Laurie Harris Sells 4,809 Shares

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Laurie Harris sold 4,809 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $6.45, for a total transaction of $31,018.05. Following the completion of the transaction, the director now owns 42,319 shares of the company’s stock, valued at $272,957.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Laurie Harris also recently made the following trade(s):

• On Friday, April 12th, Laurie Harris sold 411 shares of Synchronoss Technologies stock. The stock was sold at an average price of $7.65, for a total value of $3,144.15.

Synchronoss Technologies Stock Performance

Shares of SNCR stock opened at $6.45 on Thursday. Synchronoss Technologies, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $13.97. The company has a debt-to-equity ratio of 5.11, a quick ratio of 1.72 and a current ratio of 1.72. The stock’s 50-day simple moving average is $8.43 and its 200-day simple moving average is $6.50.

Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings results 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 return on equity of 17.99% and a negative net margin of 25.43%. The company had revenue of $41.40 million during the quarter, compared to analysts’ expectations of $43.76 million. As a group, sell-side analysts forecast that Synchronoss Technologies, Inc. will post -2.06 EPS for the current year.

Institutional Trading of Synchronoss Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNCR. Bouvel Investment Partners LLC lifted its holdings in shares of Synchronoss Technologies by 3.4% during the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock worth $642,000 after purchasing an additional 2,518 shares during the period. First Personal Financial Services acquired a new stake in Synchronoss Technologies during the 4th quarter valued at approximately $25,000. Victory Capital Management Inc. acquired a new stake in Synchronoss Technologies during the 4th quarter valued at approximately $89,000. Finally, AWM Investment Company Inc. increased its stake in shares of Synchronoss Technologies by 24.1% in the third 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. Institutional investors and hedge funds own 51.71% of the company’s stock.

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.