Procore signs multi-year strategic collaboration agreement with AWS
Christina Gabrys, the Executive Vice President and Chief Legal Officer of Synchronoss Technologies Inc. (NASDAQ:SNCR), sold 882 shares of the company’s common stock on April 28, 2025. The shares were sold at an average price of $10.68 each, amounting to a total transaction value of $9,419. Following this transaction, Gabrys holds 74,246 shares in the company. The transaction occurred as the stock shows strong momentum, with a 55% return over the past year and impressive gross profit margins of 77.5%. According to InvestingPro analysis, the company maintains a GOOD financial health score, supported by management’s aggressive share buyback program.
The sale was conducted under an approved Rule 10b5-1 trading plan, primarily to cover tax obligations associated with the vesting of restricted stock. With a market capitalization of $108.4 million, SNCR currently trades below its Fair Value. Discover 12 more exclusive insights and detailed analysis in the comprehensive Pro Research Report, available on InvestingPro.
In other recent news, Synchronoss Technologies Inc. reported its fourth-quarter 2024 earnings, revealing a 6.8% year-over-year increase in total revenue to $44.2 million. The company’s full-year revenue for 2024 reached $173.6 million, marking a 5.7% increase from the previous year. Synchronoss has completed its transition to a high-margin cloud solutions provider, with recurring revenue now accounting for over 90% of its total revenue. The company has projected revenue between $170 million and $180 million for 2025, with expectations of continued subscriber growth and customer acquisitions. Synchronoss has secured over 90% of its 2025 revenue through multi-year contracts with major clients like AT&T and SFR. Additionally, Synchronoss has introduced enhancements to its cloud platform, leveraging AI and machine learning to improve user engagement. The company has also launched a new branded personal cloud product, Capsule, aiming to expand its market reach globally. Analyst firms such as Roth Capital and Northland Capital have shown interest in the company’s strategic direction and growth prospects.
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