Synchronoss Technologies, Inc. (NASDAQ:SNCR) CFO Karen Rosenberger sold 3,000 shares of Synchronoss Technologies stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $38.07, for a total value of $114,210.00. Following the completion of the transaction, the chief financial officer now owns 36,321 shares in the company, valued at approximately $1,382,740.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, January 4th, Karen Rosenberger sold 815 shares of Synchronoss Technologies stock. The stock was sold at an average price of $38.84, for a total value of $31,654.60.
  • On Monday, November 21st, Karen Rosenberger sold 83 shares of Synchronoss Technologies stock. The stock was sold at an average price of $48.92, for a total value of $4,060.36.
  • On Wednesday, December 28th, Karen Rosenberger sold 4,000 shares of Synchronoss Technologies stock. The stock was sold at an average price of $39.63, for a total value of $158,520.00.
  • On Tuesday, December 27th, Karen Rosenberger sold 10,000 shares of Synchronoss Technologies stock. The stock was sold at an average price of $39.51, for a total value of $395,100.00.

Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) opened at 38.81 on Friday. Synchronoss Technologies, Inc. has a 52-week low of $20.33 and a 52-week high of $49.94. The firm’s 50-day moving average price is $43.01 and its 200 day moving average price is $40.05. The company has a market capitalization of $1.70 billion, a PE ratio of 2985.38 and a beta of 2.30.

Synchronoss Technologies (NASDAQ:SNCR) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate 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 earned $180.98 million during the quarter, compared to the consensus estimate of $177.83 million. During the same quarter last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, equities analysts forecast that Synchronoss Technologies, Inc. will post $2.00 earnings per share for the current year.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC acquired a new position in shares of Synchronoss Technologies during the third quarter worth approximately $15,745,000. BlackRock Fund Advisors increased its position in shares of Synchronoss Technologies by 10.4% in the third quarter. BlackRock Fund Advisors now owns 2,925,438 shares of the company’s stock worth $120,470,000 after buying an additional 275,479 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in shares of Synchronoss Technologies during the third quarter worth approximately $8,854,000. Matarin Capital Management LLC acquired a new position in shares of Synchronoss Technologies during the third quarter worth approximately $8,811,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Synchronoss Technologies by 21.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,013,791 shares of the company’s stock worth $32,299,000 after buying an additional 178,868 shares during the last quarter. 82.35% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on SNCR. Zacks Investment Research downgraded Synchronoss Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 5th. Credit Suisse Group restated a “buy” rating and set a $55.00 price target on shares of Synchronoss Technologies in a report on Tuesday, November 8th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $49.00 price target (up previously from $44.50) on shares of Synchronoss Technologies in a report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Synchronoss Technologies presently has an average rating of “Buy” and an average price target of $50.38.

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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