Synchronoss Technologies, Inc. (NASDAQ:SNCR – Get Free Report) major shareholder B. Riley Financial, Inc. sold 61,690 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.73, for a total transaction of $723,623.70. Following the transaction, the insider now directly owns 1,168,217 shares of the company’s stock, valued at approximately $13,703,185.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
B. Riley Financial, Inc. also recently made the following trade(s):
- On Monday, August 12th, B. Riley Financial, Inc. sold 30,867 shares of Synchronoss Technologies stock. The shares were sold at an average price of $11.48, for a total value of $354,353.16.
- On Friday, August 9th, B. Riley Financial, Inc. sold 57,466 shares of Synchronoss Technologies stock. The shares were sold at an average price of $11.45, for a total value of $657,985.70.
- On Wednesday, August 7th, B. Riley Financial, Inc. sold 520 shares of Synchronoss Technologies stock. The stock was sold at an average price of $11.20, for a total value of $5,824.00.
Synchronoss Technologies Stock Up 3.5 %
Shares of Synchronoss Technologies stock traded up $0.40 during midday trading on Wednesday, reaching $11.83. 166,863 shares of the company’s stock traded hands, compared to its average volume of 73,089. The company has a market cap of $127.65 million, a price-to-earnings ratio of -2.33 and a beta of 1.92. Synchronoss Technologies, Inc. has a 52 week low of $2.70 and a 52 week high of $13.97. The company’s 50 day simple moving average is $9.39 and its 200 day simple moving average is $8.78. The company has a debt-to-equity ratio of 6.02, a quick ratio of 1.85 and a current ratio of 1.85.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on SNCR
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. AWM Investment Company Inc. boosted its holdings in Synchronoss Technologies by 8.5% during the first quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker’s stock valued at $4,435,000 after acquiring an additional 41,824 shares during the period. Renaissance Technologies LLC lifted its position 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 worth $734,000 after purchasing an additional 6,700 shares during the last quarter. Bouvel Investment Partners LLC boosted its stake in Synchronoss Technologies by 3.4% during the 1st 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 during the period. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 20,368 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Synchronoss Technologies in the 4th quarter valued at approximately $89,000. 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.
See Also
- Five stocks we like better than Synchronoss Technologies
- 3 Stocks to Consider Buying in October
- Brinker International’s Price Dip is an Appetizing Entry Point
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- 3 Stocks That Could Beat the September Blues
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for Synchronoss Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchronoss Technologies and related companies with MarketBeat.com's FREE daily email newsletter.