B. Riley Financial, Inc. sell 3,699 shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Synchronoss Technologies, Inc. (NASDAQ:SNCR – Get Free Report ) major shareholder B. Riley Financial, Inc. sold 3,699 shares of Synchronoss Technologies stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $12.80, for a total value of $47,347.20. Following the sale, the insider now directly owns 1,036,605 shares of the company’s stock, valued at approximately $13,268,544. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders who own at least 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

B. Riley Financial, Inc. also recently carried out the following transactions:

• Monday, August 19, B. Riley Financial, Inc. sold 40,713 shares of Synchronos Technologies. The stock was sold at an average price of $12.12, for a total value of $493,441.56.
• Friday, August 16, B. Riley Financial, Inc. sold 23,290 shares of Synchronoss Technologies. The shares were sold at an average price of $11.83, for a total value of $275,520.70.
• Wednesday, August 14, B. Riley Financial, Inc. sold 61,690 shares of Synchronoss Technologies. The stock was sold at an average price of $11.73, for a total value of $723,623.70.
• Monday, August 12, B. Riley Financial, Inc. sold 30,867 shares of Synchronoss Technologies. The shares were sold at an average price of $11.48, for a total transaction of $354,353.16.
• Friday, August 9, B. Riley Financial, Inc. sold 57,466 shares of Synchronoss Technologies. The shares were sold at an average price of $11.45, for a total transaction of $657,985.70.
• Wednesday, August 7, B. Riley Financial, Inc. sold 520 shares of Synchronoss Technologies. The shares were sold at an average price of $11.20, for a total transaction of $5,824.00.

Synchronos Technologies stock performance

Shares of NASDAQ SNCR opened at $12.85 on Friday. The company’s 50-day simple moving average is $9.99, and its 200-day simple moving average is $9.03. Synchronoss Technologies, Inc. has a 52 week low of $2.70 and a 52 week high of $13.97. 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 firm has a market cap of $138.68 million, a price-to-earnings ratio of -2.55 and a beta of 1.92.

Analysts on Wall Street are forecasting an increase

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

Get the latest stock analysis on SNCR

Hedge funds influence Synchronos technologies

A number of institutional investors have recently modified their holdings of SNCR. Victory Capital Management Inc. bought a new stake in shares of Synchronoss Technologies in the 4th quarter valued at $89,000. Bouvel Investment Partners LLC boosted its holdings in Synchronoss Technologies by 3.4% in the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock worth $642,000 after acquiring an additional 2,518 shares during the period. AWM Investment Company Inc. grew its position in 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 purchasing an additional 41,824 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $654,000 after acquiring an additional 20,368 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Synchronoss Technologies by 9.3% in 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. Institutional investors own 51.71% of the company’s shares.

Synchronoss Technologies Company Profile

(Get a free report)

Synchronoss Technologies, Inc provides cloud, messaging, digital and network management solutions in the Americas, Europe, Middle East, Africa and Asia Pacific. The company offers the Synchronoss Personal Cloud platform that enables customer subscribers to back up and protect, interact with and manage their personal content.

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