Jeffrey George Miller Sells 17,389 Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) Stock

Synchronoss Technologies, Inc. (NASDAQ:SNCR) CEO Jeffrey George Miller sold 17,389 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $10.34, for a total transaction of $179,802.26. Following the transaction, the chief executive officer now directly owns 336,232 shares in the company, valued at approximately $3,476,638.88. The trade was a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Synchronoss Technologies Trading Down 2.1 %

SNCR opened at $9.30 on Wednesday. The stock has a market capitalization of $100.80 million, a PE ratio of -2.40 and a beta of 1.99. The firm’s fifty day moving average price is $9.55 and its 200 day moving average price is $10.98. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88. Synchronoss Technologies, Inc. has a 12-month low of $6.02 and a 12-month high of $15.46.

Institutional Trading of Synchronoss Technologies

Several institutional investors have recently added to or reduced their stakes in SNCR. Man Group plc raised its holdings in Synchronoss Technologies by 131.0% in the fourth quarter. Man Group plc now owns 122,667 shares of the software maker’s stock valued at $1,178,000 after acquiring an additional 69,569 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Synchronoss Technologies by 54,341.7% in the third quarter. JPMorgan Chase & Co. now owns 58,797 shares of the software maker’s stock valued at $875,000 after acquiring an additional 58,689 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Synchronoss Technologies in the fourth quarter valued at $404,000. LSV Asset Management acquired a new stake in Synchronoss Technologies in the fourth quarter valued at $400,000. Finally, Two Sigma Investments LP raised its holdings in Synchronoss Technologies by 140.8% in the fourth quarter. Two Sigma Investments LP now owns 67,141 shares of the software maker’s stock valued at $645,000 after acquiring an additional 39,256 shares in the last quarter. 51.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNCR has been the topic of a number of recent research reports. Roth Mkm raised shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $13.00 in a research report on Monday, November 25th. Roth Capital raised shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

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.