Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Martin Francis Bernstein Sells 7,792 Shares

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Martin Francis Bernstein sold 7,792 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.66, for a total transaction of $106,438.72. Following the transaction, the director now directly owns 55,664 shares of the company’s stock, valued at approximately $760,370.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Martin Francis Bernstein also recently made the following trade(s):

• On Friday, September 13th, Martin Francis Bernstein sold 6,036 shares of Synchronoss Technologies stock. The shares were sold at an average price of $14.14, for a total value of $85,349.04.
• On Monday, September 9th, Martin Francis Bernstein sold 2,319 shares of Synchronoss Technologies stock. The shares were sold at an average price of $14.20, for a total value of $32,929.80.

Synchronoss Technologies Trading Up 2.4 %

NASDAQ SNCR traded up $0.33 during trading hours on Friday, hitting $14.00. 98,761 shares of the company were exchanged, compared to its average volume of 80,871. Synchronoss Technologies, Inc. has a 52 week low of $2.70 and a 52 week high of $15.45. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 6.68. The stock has a 50-day moving average price of $11.62 and a 200 day moving average price of $9.59. The stock has a market cap of $151.48 million, a PE ratio of -2.78 and a beta of 1.95.

Synchronoss Technologies (NASDAQ:SNCR) last released its earnings results on Tuesday, August 6th. The software maker reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.39. The firm had revenue of $43.46 million for the quarter, compared to the consensus estimate of $43.09 million. Synchronoss Technologies had a positive return on equity of 28.60% and a negative net margin of 16.97%. Analysts forecast that Synchronoss Technologies, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Synchronoss Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SNCR. AWM Investment Company Inc. boosted its stake in shares of Synchronoss Technologies by 8.5% during the 1st quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker’s stock worth $4,435,000 after purchasing an additional 41,824 shares during the period. Renaissance Technologies LLC lifted its stake in Synchronoss Technologies by 9.3% in the second 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 position in shares of Synchronoss Technologies by 3.4% during the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock valued at $642,000 after buying an additional 2,518 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Synchronoss Technologies by 40.6% during the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock valued at $654,000 after buying an additional 20,368 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Synchronoss Technologies in the fourth quarter worth approximately $89,000. Hedge funds and other institutional investors own 51.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

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.