Synchronoss Technologies, Inc. (NASDAQ:SNCR – Get Free Report) 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
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.
View Our Latest Stock Analysis on Synchronoss Technologies
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.
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