Synchronoss Technologies Inc (SNCR) Files Form 4 Insider Selling : Stephen G Waldis Sells 13,000 Shares

Synchronoss Technologies Inc (SNCR): Stephen G Waldis , CEO and Chairman of Synchronoss Technologies Inc sold 13,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $36.12 per share for a total value of $469,560.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Karen Rosenberger (EVP & Chief Financial Officer) sold 83 shares at $35.30 per share price.On May 20, 2016, Stephen G Waldis (CEO and Chairman) sold 13,000 shares at $34.83 per share price.Also, On May 17, 2016, Charles E Hoffman (director) sold 55,000 shares at $35.11 per share price.On Feb 26, 2016, Chris Halbard (EVP, International) sold 1,519 shares at $25.01 per share price.

Shares of Synchronoss Technologies (SNCR) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.25% at $36.19 with 2,23,504 shares getting traded. Post opening the session at $36.13, the shares hit an intraday low of $35.8 and an intraday high of $36.442 and the price vacillated in this range throughout the day. The company has a market cap of $1,618 M and the number of outstanding shares has been calculated to be 4,47,15,031 shares. The 52-week high of Synchronoss Technologies is $51.4799 and the 52-week low is $20.33.

Synchronoss Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synchronoss Technologies is Initiated by Drexel Hamilton to Buy. The Rating was issued on Jun 1, 2016.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.

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