Synchronoss Technologies, Inc. (NASDAQ:SNCR) saw unusually large options trading activity on Monday. Traders acquired 3,205 call options on the stock. This represents an increase of 2,639% compared to the average daily volume of 117 call options.
Shares of Synchronoss Technologies (NASDAQ SNCR) opened at $9.05 on Tuesday. The company has a market cap of $430.01, a price-to-earnings ratio of 6.24 and a beta of 1.33. Synchronoss Technologies has a twelve month low of $6.51 and a twelve month high of $33.66.
A number of large investors have recently bought and sold shares of the business. Siris Capital Group LLC acquired a new stake in Synchronoss Technologies in the fourth quarter worth $53,592,000. BlackRock Inc. grew its holdings in Synchronoss Technologies by 10.1% in the fourth quarter. BlackRock Inc. now owns 5,639,895 shares of the software maker’s stock worth $50,421,000 after purchasing an additional 517,759 shares during the period. Elk Creek Partners LLC grew its holdings in Synchronoss Technologies by 3.5% in the third quarter. Elk Creek Partners LLC now owns 2,420,323 shares of the software maker’s stock worth $22,582,000 after purchasing an additional 81,228 shares during the period. Dimensional Fund Advisors LP grew its holdings in Synchronoss Technologies by 29.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,357,569 shares of the software maker’s stock worth $38,782,000 after purchasing an additional 540,181 shares during the period. Finally, State Street Corp grew its holdings in Synchronoss Technologies by 8.1% in the second quarter. State Street Corp now owns 1,054,586 shares of the software maker’s stock worth $17,346,000 after purchasing an additional 78,729 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.
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Synchronoss Technologies Company Profile
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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