Synchronoss Technologies Inc (SNCR) Files Form 4 Insider Selling : Charles E Hoffman Sells 55,000 Shares

Synchronoss Technologies Inc (SNCR): Charles E Hoffman , director of Synchronoss Technologies Inc sold 55,000 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $35.11 per share for a total value of $1,929,413.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 15, 2016, Stephen G Waldis (CEO and Chairman) sold 13,000 shares at $32.49 per share price.On Apr 6, 2016, Karen Rosenberger (EVP & Chief Financial Officer) sold 753 shares at $32.12 per share price.Also, On Feb 26, 2016, Chris Halbard (EVP, International) sold 1,519 shares at $25.01 per share price.On Feb 18, 2016, Ronald Prague (EVP and General Counsel) sold 2,923 shares at $24.27 per share price.

Synchronoss Technologies: On Monday, May 16, 2016 heightened volatility was witnessed in Synchronoss Technologies which led to swings in the share price. The shares opened for trading at $34.72 and hit $35.27 on the upside , eventually ending the session at $34.93, with a gain of 0.09% or 0.03 points. The heightened volatility saw the trading volume jump to 3,37,285 shares. The 52-week high of the share price is $51.4799 and the company has a market cap of $1,562 M . The 52-week low of the share price is at $20.33.

Synchronoss Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synchronoss Technologies is Resumed by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $36 .The Rating was issued on Mar 15, 2016.

Synchronoss Technologies Inc. (Synchronoss) is a mobile innovation company that provides software-based cloud and activation solutions for connected devices to enterprise customers. The Company’s solutions include intelligent connectivity management and content synchronization backup and sharing service procurement provisioning activation and support that enable communications service providers (CSPs) cable operators/multi-services operators (MSOs) original equipment manufacturers (OEMs) with embedded connectivity multi-channel retailers and other customers. This includes automating subscriber activation order management upgrades service provisioning and connectivity and content management from any sales channel to any communication service (wireless or wireline) across any connected device type and managing the content transfer synchronization and share.

Leave a Reply

Synchronoss Technologies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Synchronoss Technologies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.