Synchronoss Technologies, Inc. (NASDAQ:SNCR) insider Ronald Prague sold 4,049 shares of Synchronoss Technologies stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $8.78, for a total transaction of $35,550.22. Following the completion of the transaction, the insider now directly owns 90,388 shares of the company’s stock, valued at approximately $793,606.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ronald Prague also recently made the following trade(s):
- On Tuesday, January 30th, Ronald Prague sold 671 shares of Synchronoss Technologies stock. The stock was sold at an average price of $8.27, for a total transaction of $5,549.17.
Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) traded up $0.02 during trading on Wednesday, reaching $10.46. 533,896 shares of the company’s stock were exchanged, compared to its average volume of 996,484. The stock has a market cap of $496.05, a P/E ratio of 23.73 and a beta of 1.08. Synchronoss Technologies, Inc. has a 52 week low of $6.51 and a 52 week high of $26.89.
Institutional investors and hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in Synchronoss Technologies during the 3rd quarter valued at about $113,000. SG Americas Securities LLC purchased a new position in Synchronoss Technologies during the 3rd quarter valued at about $119,000. FNY Managed Accounts LLC purchased a new position in Synchronoss Technologies during the 3rd quarter valued at about $149,000. Municipal Employees Retirement System of Michigan increased its holdings in Synchronoss Technologies by 60.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,180 shares of the software maker’s stock valued at $151,000 after acquiring an additional 6,080 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Synchronoss Technologies during the 4th quarter valued at about $149,000. Institutional investors and hedge funds own 81.33% of the company’s stock.
Several research firms have weighed in on SNCR. Deutsche Bank reiterated a “hold” rating and issued a $8.00 target price (down from $18.00) on shares of Synchronoss Technologies in a report on Thursday, December 7th. Zacks Investment Research raised shares of Synchronoss Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. BidaskClub downgraded shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $8.00 price objective (down from $13.00) on shares of Synchronoss Technologies in a research report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Synchronoss Technologies has a consensus rating of “Hold” and a consensus target price of $16.57.
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Synchronoss Technologies Company Profile
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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