Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.69 and traded as high as $11.80. Synchronoss Technologies shares last traded at $11.07, with a volume of 85,550 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Synchronoss Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 16th.
View Our Latest Stock Report on Synchronoss Technologies
Synchronoss Technologies Price Performance
The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a 50-day simple moving average of $12.40 and a 200 day simple moving average of $10.72.
Insider Transactions at Synchronoss Technologies
In related news, EVP Patrick Joseph Doran sold 3,250 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.77, for a total transaction of $48,002.50. Following the transaction, the executive vice president now directly owns 107,483 shares of the company's stock, valued at approximately $1,587,523.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Martin Francis Bernstein sold 2,319 shares of Synchronoss Technologies stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $14.20, for a total transaction of $32,929.80. Following the completion of the sale, the director now directly owns 63,456 shares in the company, valued at $901,075.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick Joseph Doran sold 3,250 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $14.77, for a total value of $48,002.50. Following the completion of the transaction, the executive vice president now owns 107,483 shares in the company, valued at $1,587,523.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,364 shares of company stock valued at $1,874,939 over the last three months. 17.90% of the stock is owned by corporate insiders.
Institutional Trading of Synchronoss Technologies
Several large investors have recently added to or reduced their stakes in SNCR. GSA Capital Partners LLP bought a new position in shares of Synchronoss Technologies during the 3rd quarter valued at $165,000. Dimensional Fund Advisors LP increased its position in Synchronoss Technologies by 40.6% during the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker's stock worth $654,000 after buying an additional 20,368 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Synchronoss Technologies by 9.3% during the second quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker's stock valued at $734,000 after buying an additional 6,700 shares in the last quarter. AWM Investment Company Inc. lifted its position in shares of Synchronoss Technologies by 8.5% in the first quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker's stock worth $4,435,000 after buying an additional 41,824 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Synchronoss Technologies by 2.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker's stock worth $8,395,000 after acquiring an additional 13,984 shares in the last quarter. 51.71% of the stock is owned by institutional investors.
About Synchronoss Technologies
(
Get Free Report)
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.
Further Reading
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