Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Martin Francis Bernstein Sells 2,319 Shares of Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Martin Francis Bernstein sold 2,319 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $14.20, for a total transaction of $32,929.80. Following the sale, the director now directly owns 63,456 shares of the company’s stock, valued at $901,075.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Synchronoss Technologies Stock Performance

Shares of SNCR stock opened at $13.56 on Thursday. The company’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $9.54. The company has a debt-to-equity ratio of 6.68, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $146.72 million, a P/E ratio of -2.69 and a beta of 1.95. Synchronoss Technologies, Inc. has a 12 month low of $2.70 and a 12 month high of $15.45.

Synchronoss Technologies (NASDAQ:SNCR) last announced its earnings results on Tuesday, August 6th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.39. Synchronoss Technologies had a positive return on equity of 28.60% and a negative net margin of 16.97%. The company had revenue of $43.46 million for the quarter, compared to analyst estimates of $43.09 million. On average, research analysts anticipate that Synchronoss Technologies, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Institutional Trading of Synchronoss Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in Synchronoss Technologies during the fourth quarter valued at $89,000. Bouvel Investment Partners LLC boosted its holdings in shares of Synchronoss Technologies by 3.4% in the 1st quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock valued at $642,000 after buying an additional 2,518 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Synchronoss Technologies by 40.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock valued at $654,000 after buying an additional 20,368 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Synchronoss Technologies by 9.3% in the second quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock valued at $734,000 after acquiring an additional 6,700 shares during the period. Finally, AWM Investment Company Inc. lifted its holdings in shares of Synchronoss Technologies by 8.5% in the 1st quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker’s stock worth $4,435,000 after purchasing an additional 41,824 shares during the last quarter. 51.71% of the stock is owned by institutional investors.

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.