Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Donnie Moore sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $38.19, for a total value of $210,045.00. Following the completion of the transaction, the director now directly owns 29,092 shares in the company, valued at $1,111,023.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Tuesday, December 13th, Donnie Moore sold 5,500 shares of Synchronoss Technologies stock. The shares were sold at an average price of $41.15, for a total value of $226,325.00.
  • On Monday, November 14th, Donnie Moore sold 5,500 shares of Synchronoss Technologies stock. The shares were sold at an average price of $47.93, for a total value of $263,615.00.

Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) opened at 38.81 on Friday. The stock’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, Inc. has a 52-week low of $20.33 and a 52-week high of $49.94.

Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Synchronoss Technologies had a return on equity of 13.97% and a net margin of 0.19%. The firm earned $180.98 million during the quarter, compared to analysts’ expectations of $177.83 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, analysts expect 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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Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Synchronoss Technologies by 2.3% in the third quarter. BlackRock Inc. now owns 3,626 shares of the company’s stock valued at $150,000 after buying an additional 81 shares during the period. Louisiana State Employees Retirement System boosted its stake in Synchronoss Technologies by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock worth $567,000 after buying an additional 100 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Synchronoss Technologies by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 41,783 shares of the company’s stock worth $1,331,000 after buying an additional 119 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Synchronoss Technologies by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 11,275 shares of the company’s stock worth $359,000 after buying an additional 150 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Synchronoss Technologies by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,930 shares of the company’s stock worth $368,000 after buying an additional 150 shares during the last quarter. 82.35% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on SNCR. Credit Suisse Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Synchronoss Technologies in a research report on Tuesday, November 8th. Zacks Investment Research raised Synchronoss Technologies from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, November 11th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $49.00 price target (up from $44.50) on shares of Synchronoss Technologies in a research report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average 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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