B. Riley Financial, Inc. Sells 30,867 Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) major shareholder B. Riley Financial, Inc. sold 30,867 shares of Synchronoss Technologies stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $11.48, for a total value of $354,353.16. Following the completion of the transaction, the insider now directly owns 1,281,681 shares in the company, valued at approximately $14,713,697.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

• On Wednesday, August 14th, B. Riley Financial, Inc. sold 61,690 shares of Synchronoss Technologies stock. The shares were sold at an average price of $11.73, for a total transaction of $723,623.70.
• On Friday, August 9th, B. Riley Financial, Inc. sold 57,466 shares of Synchronoss Technologies stock. The stock was sold at an average price of $11.45, for a total transaction of $657,985.70.
• On Wednesday, August 7th, B. Riley Financial, Inc. sold 520 shares of Synchronoss Technologies stock. The shares were sold at an average price of $11.20, for a total transaction of $5,824.00.

Synchronoss Technologies Stock Up 3.5 %

Synchronoss Technologies stock traded up $0.40 during mid-day trading on Wednesday, hitting $11.83. The company’s stock had a trading volume of 166,863 shares, compared to its average volume of 73,089. Synchronoss Technologies, Inc. has a 52-week low of $2.70 and a 52-week high of $13.97. The company has a market cap of $127.65 million, a PE ratio of -2.35 and a beta of 1.92. The company has a debt-to-equity ratio of 6.02, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50 day moving average is $9.39 and its 200 day moving average is $8.78.

Hedge Funds Weigh In On Synchronoss Technologies

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in shares of Synchronoss Technologies during the fourth quarter worth approximately $89,000. Bouvel Investment Partners LLC lifted its position in Synchronoss Technologies by 3.4% in the 1st quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock worth $642,000 after buying an additional 2,518 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 period. Renaissance Technologies LLC grew its holdings in shares of Synchronoss Technologies by 9.3% during the 2nd 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 in the last quarter. 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 worth $4,435,000 after acquiring an additional 41,824 shares during the last quarter. Institutional investors and hedge funds own 51.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th.

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.