Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Laurie Harris Sells 2,357 Shares of Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR – Get Rating) Director Laurie Harris sold 2,357 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $5.05, for a total value of $11,902.85. Following the completion of the sale, the director now owns 177,643 shares in the company, valued at $897,097.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Synchronoss Technologies Price Performance

Shares of SNCR traded down $0.04 on Friday, hitting $0.90. The company’s stock had a trading volume of 303,852 shares, compared to its average volume of 264,005. The company has a market capitalization of $81.40 million, a PE ratio of -4.48 and a beta of 1.39. Synchronoss Technologies, Inc. has a fifty-two week low of $0.51 and a fifty-two week high of $1.91. The company has a 50 day moving average price of $0.90 and a 200 day moving average price of $0.97. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.86 and a quick ratio of 1.38.

Analysts Set New Price Targets

A number of analysts have weighed in on SNCR shares. StockNews.com assumed coverage on Synchronoss Technologies in a research report on Thursday. They issued a “hold” rating on the stock. B. Riley lowered their target price on shares of Synchronoss Technologies from $2.75 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, March 8th.

Hedge Funds Weigh In On Synchronoss Technologies

Several institutional investors have recently bought and sold shares of SNCR. Kennedy Capital Management Inc. raised its holdings in shares of Synchronoss Technologies by 53.1% in the second quarter. Kennedy Capital Management Inc. now owns 942,284 shares of the software maker’s stock valued at $1,084,000 after buying an additional 327,000 shares during the last quarter. Prelude Capital Management LLC raised its stake in shares of Synchronoss Technologies by 2.4% in the second quarter. Prelude Capital Management LLC now owns 961,084 shares of the software maker’s stock worth $1,105,000 after acquiring an additional 22,855 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Synchronoss Technologies in the third quarter worth about $32,000. Prudential Financial Inc. acquired a new position in shares of Synchronoss Technologies during the second quarter worth approximately $30,000. Finally, AWM Investment Company Inc. grew its stake in shares of Synchronoss Technologies by 108.6% during the fourth quarter. AWM Investment Company Inc. now owns 3,160,270 shares of the software maker’s stock valued at $1,953,000 after purchasing an additional 1,645,476 shares during the last quarter. Institutional investors own 46.09% of the company’s stock.

About Synchronoss Technologies

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Synchronoss Technologies, Inc engages in the provision of cloud and enterprise solutions. The firm offers software-based activation for connected devices globally. Its platform includes cloud home, personal cloud content transfer and out-of-box experience, advance messaging and email suite, journey creation and advisor, digital coach, digital portal, activation, Internet of Things (IoT), and smart buildings.