Synchronoss Technologies, Inc. (SNCR) CMO Mary P. Clark Sells 2,683 Shares

Synchronoss Technologies, Inc. (NASDAQ:SNCR) CMO Mary P. Clark sold 2,683 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $7.20, for a total transaction of $19,317.60. The transaction was disclosed in a filing with the SEC, which is available through this link.

NASDAQ:SNCR opened at $7.38 on Wednesday. Synchronoss Technologies, Inc. has a one year low of $3.90 and a one year high of $12.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.99 and a current ratio of 0.99.

Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.47). Synchronoss Technologies had a negative return on equity of 48.08% and a negative net margin of 36.27%. The business had revenue of $83.30 million for the quarter, compared to the consensus estimate of $83.00 million. Synchronoss Technologies’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, sell-side analysts forecast that Synchronoss Technologies, Inc. will post -2.73 earnings per share for the current fiscal year.

SNCR has been the topic of several research reports. Zacks Investment Research raised shares of Synchronoss Technologies from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, November 16th. Stifel Nicolaus raised shares of Synchronoss Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $3.00 to $7.00 in a research note on Monday, December 10th. Finally, ValuEngine raised shares of Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.75.

A number of large investors have recently bought and sold shares of SNCR. Investors Research Corp bought a new stake in Synchronoss Technologies during the fourth quarter worth about $74,000. Dorsey & Whitney Trust CO LLC bought a new stake in Synchronoss Technologies during the fourth quarter worth about $126,000. New Jersey Better Educational Savings Trust bought a new stake in Synchronoss Technologies during the fourth quarter worth about $160,000. FNY Investment Advisers LLC bought a new stake in Synchronoss Technologies during the third quarter worth about $171,000. Finally, Supplemental Annuity Collective Trust of NJ bought a new position in shares of Synchronoss Technologies in the fourth quarter worth approximately $196,000. 3.67% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Synchronoss Technologies, Inc. (SNCR) CMO Mary P. Clark Sells 2,683 Shares” was originally posted by Enterprise Leader and is the property of of Enterprise Leader. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://theenterpriseleader.com/2019/02/06/synchronoss-technologies-inc-sncr-cmo-mary-p-clark-sells-2683-shares.html.

About Synchronoss Technologies

Synchronoss Technologies, Inc provides cloud, digital, messaging, and Internet of things platforms, products, and solutions worldwide. Its products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.

Further Reading: How to Profit and Limit Losses With Stop Orders

Insider Buying and Selling by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

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.