Equitec Proprietary Markets LLC Has $49,000 Holdings in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Equitec Proprietary Markets LLC lessened its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 91.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,300 shares of the software maker’s stock after selling 35,442 shares during the quarter. Synchronoss Technologies comprises 0.0% of Equitec Proprietary Markets LLC’s investment portfolio, making the stock its 14th biggest position. Equitec Proprietary Markets LLC’s holdings in Synchronoss Technologies were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNCR. Bouvel Investment Partners LLC raised its stake 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 worth $642,000 after acquiring an additional 2,518 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Synchronoss Technologies by 40.6% during the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock worth $654,000 after acquiring an additional 20,368 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 buying an additional 6,700 shares during the period. Finally, AWM Investment Company Inc. increased its stake in shares of Synchronoss Technologies by 8.5% in the first quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker’s stock valued at $4,435,000 after buying an additional 41,824 shares during the period. Institutional investors and hedge funds own 51.71% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder B. Riley Financial, Inc. sold 57,466 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $11.45, for a total value of $657,985.70. Following the completion of the sale, the insider now directly owns 1,312,548 shares of the company’s stock, valued at approximately $15,028,674.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Patrick Joseph Doran sold 3,250 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.77, for a total transaction of $48,002.50. Following the completion of the transaction, the executive vice president now owns 107,483 shares in the company, valued at approximately $1,587,523.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder B. Riley Financial, Inc. sold 57,466 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $11.45, for a total value of $657,985.70. Following the completion of the transaction, the insider now owns 1,312,548 shares of the company’s stock, valued at approximately $15,028,674.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,907 shares of company stock worth $3,616,726 in the last ninety days. Corporate insiders own 17.90% of the company’s stock.

Synchronoss Technologies Trading Down 0.4 %

SNCR stock traded down $0.05 during trading on Friday, hitting $11.69. The company had a trading volume of 58,360 shares, compared to its average volume of 85,692. The business has a 50-day moving average of $13.07 and a 200-day moving average of $10.23. Synchronoss Technologies, Inc. has a one year low of $2.70 and a one year high of $15.46. The stock has a market cap of $126.16 million, a PE ratio of -2.32 and a beta of 1.96. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 6.68.

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

Analysts Set New Price Targets

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

Synchronoss Technologies Company Profile

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.