Insider Trader Watch: Synchronoss (SNCR)

Synchronoss Technologies, Inc.(NASDAQ:SNCR) insider has recently participated in insider trading activity. EVP, International, Halbard Chris sold 794 shares for $ 20,255 via one transaction Feb 18. Another notable insider trading was done by Rosenberger Karen on Feb 18, who is the EVP & Chief Financial Officer. The insider sold 899 shares at an average price of $25.43. Moreover, an insider selling of 2,998 shares was carried out by Garcia Robert, President, on Feb 18. Following the transaction, the insider now owns 76,479 shares in total. EVP and General Counsel Prague Ronald sold 4.85 shares for $ 12,324 through one transaction Feb 18. Following this sale, this insider’s stake in the company comprises 39,401 shares, priced at $1007089.56as of Thursday.

The stock has experienced a total of 24 insider trades in the past three months. These trades include 17 sell activities and 7 buy trades. Furthermore, over the past 12 months, the stock was traded 94 times by insiders. In 87 of these trades, the insider was a seller while an employee of the company was the buyer in just 7 instances.

Synchronoss Technologies, Inc.(SNCR) announced a host of activities at Mobile World Congress 2016. This includes the unveiling of new data that charts the explosion of consumer-generated smartphone content; participation in a cost-saving panel discussion alongside industry leaders; demonstrations of its recently launched user authentication and identity management solution; and the annual Synchronoss MWC Cocktail Party. The activity underlines Synchronoss as a mobile innovation leader that provides cloud solutions and software-based activation for mobile carriers, retailers and OEMs around the world.

At the show, Synchronoss will announce independent, proprietary research that will reveal how the exponential growth in mobile content has created serious headaches for mobile users. The forthcoming study will detail how this explosion represents a significant opportunity for mobile operators, which are well positioned to help their customers seamlessly manage their growing amounts of mobile content with easy-to-use personal cloud services.

Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for connected devices worldwide. The company’s services include intelligent connectivity management and content synchronization, backup, and sharing service procurement, as well as provisioning, activation, and support services that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, multi-channel retailers, and other customers to accelerate and monetize value-add services for connected devices.