Patrick Joseph Doran Sells 1,669 Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) EVP Patrick Joseph Doran sold 1,669 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $6.42, for a total value of $10,714.98. Following the completion of the sale, the executive vice president now owns 66,939 shares in the company, valued at approximately $429,748.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Patrick Joseph Doran also recently made the following trade(s):

• On Wednesday, April 10th, Patrick Joseph Doran sold 700 shares of Synchronoss Technologies stock. The stock was sold at an average price of $7.68, for a total value of $5,376.00.
• On Tuesday, March 5th, Patrick Joseph Doran sold 2,750 shares of Synchronoss Technologies stock. The stock was sold at an average price of $9.33, for a total value of $25,657.50.

Synchronoss Technologies Trading Down 1.7 %

Shares of SNCR stock opened at $6.31 on Friday. The company has a debt-to-equity ratio of 5.11, a quick ratio of 1.72 and a current ratio of 1.72. Synchronoss Technologies, Inc. has a 52-week low of $2.70 and a 52-week high of $13.97. The company has a market capitalization of $65.06 million, a PE ratio of -0.95 and a beta of 1.66. The business’s fifty day moving average is $8.78 and its 200 day moving average is $6.49.

Synchronoss Technologies (NASDAQ:SNCR) last released its quarterly earnings results on Tuesday, March 12th. The software maker reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.71). Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. The firm had revenue of $41.40 million for the quarter, compared to analysts’ expectations of $43.76 million. On average, equities research analysts anticipate that Synchronoss Technologies, Inc. will post -2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Synchronoss Technologies

A number of large investors have recently added to or reduced their stakes in the company. Bouvel Investment Partners LLC raised its position in Synchronoss Technologies by 3.4% during the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock valued at $642,000 after purchasing an additional 2,518 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Synchronoss Technologies during the fourth quarter valued at about $89,000. First Personal Financial Services purchased a new stake in Synchronoss Technologies during the fourth quarter valued at about $25,000. Vanguard Group Inc. raised its position in Synchronoss Technologies by 17.9% during the third quarter. Vanguard Group Inc. now owns 5,146,816 shares of the software maker’s stock valued at $4,941,000 after purchasing an additional 783,000 shares in the last quarter. Finally, AWM Investment Company Inc. raised its position in Synchronoss Technologies by 24.1% during the third quarter. AWM Investment Company Inc. now owns 4,403,591 shares of the software maker’s stock valued at $4,227,000 after purchasing an additional 854,411 shares in the last quarter. Hedge funds and other institutional investors 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.