Synchronoss Technologies, Inc. (NASDAQ:SNCR – Get Free Report) major shareholder B. Riley Financial, Inc. sold 9,819 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $12.82, for a total value of $125,879.58. Following the completion of the sale, the insider now owns 1,026,712 shares of the company’s stock, valued at $13,162,447.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
B. Riley Financial, Inc. also recently made the following trade(s):
- On Monday, August 26th, B. Riley Financial, Inc. sold 32,678 shares of Synchronoss Technologies stock. The stock was sold at an average price of $12.84, for a total value of $419,585.52.
- On Wednesday, August 21st, B. Riley Financial, Inc. sold 3,699 shares of Synchronoss Technologies stock. The stock was sold at an average price of $12.80, for a total value of $47,347.20.
- On Monday, August 19th, B. Riley Financial, Inc. sold 40,713 shares of Synchronoss Technologies stock. The stock was sold at an average price of $12.12, for a total value of $493,441.56.
- On Friday, August 16th, B. Riley Financial, Inc. sold 23,290 shares of Synchronoss Technologies stock. The stock was sold at an average price of $11.83, for a total value of $275,520.70.
- On Wednesday, August 14th, B. Riley Financial, Inc. sold 61,690 shares of Synchronoss Technologies stock. The stock was sold at an average price of $11.73, for a total value of $723,623.70.
- 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 shares were sold at an average price of $11.20, for a total value of $5,824.00.
Synchronoss Technologies Price Performance
Shares of NASDAQ SNCR traded up $0.92 during trading on Tuesday, hitting $13.75. The company had a trading volume of 185,208 shares, compared to its average volume of 75,010. The company has a market cap of $148.39 million, a P/E ratio of -2.73 and a beta of 1.92. Synchronoss Technologies, Inc. has a 52 week low of $2.70 and a 52 week high of $14.00. The business’s 50-day moving average is $10.21 and its 200 day moving average is $9.16. The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.78 and a current ratio of 1.78.
Institutional Trading of Synchronoss Technologies
Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Synchronoss Technologies by 9.3% during the 2nd quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock valued at $734,000 after purchasing an additional 6,700 shares during the period. Dimensional Fund Advisors LP raised 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. AWM Investment Company Inc. raised its stake in Synchronoss Technologies by 8.5% during the 1st quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker’s stock valued at $4,435,000 after purchasing an additional 41,824 shares during the period. Bouvel Investment Partners LLC raised 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. Finally, Victory Capital Management Inc. acquired a new stake in Synchronoss Technologies during the 4th quarter valued at $89,000. 51.71% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com cut Synchronoss Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 16th.
Get Our Latest Stock Report on SNCR
Synchronoss Technologies Company Profile
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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