Synchronoss Technologies, Inc. (NASDAQ:SNCR) insider Ronald Prague sold 4,049 shares of Synchronoss Technologies stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $8.78, for a total value of $35,550.22. Following the completion of the transaction, the insider now owns 90,388 shares in the company, valued at $793,606.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Ronald Prague also recently made the following trade(s):
- On Tuesday, January 30th, Ronald Prague sold 671 shares of Synchronoss Technologies stock. The shares were sold at an average price of $8.27, for a total value of $5,549.17.
Synchronoss Technologies, Inc. (SNCR) opened at $9.46 on Wednesday. Synchronoss Technologies, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $27.87. The stock has a market capitalization of $458.99, a price-to-earnings ratio of 6.66 and a beta of 1.33.
A number of research analysts have recently issued reports on SNCR shares. Deutsche Bank reiterated a “hold” rating and issued a $8.00 price target (down from $18.00) on shares of Synchronoss Technologies in a report on Thursday, December 7th. Zacks Investment Research upgraded Synchronoss Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. BidaskClub downgraded Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $8.00 price target (down from $13.00) on shares of Synchronoss Technologies in a report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Synchronoss Technologies currently has a consensus rating of “Hold” and a consensus price target of $16.57.
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About Synchronoss Technologies
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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