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Patrick Joseph Doran, Executive Vice President and Chief Technology Officer at Synchronoss Technologies Inc. (NASDAQ:SNCR), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transactions, which took place on May 28 and May 29, 2025, involved the sale of a total of 4,225 shares at prices ranging from $6.54 to $6.57 per share. The stock, currently trading at $6.84, has shown significant volatility recently, with InvestingPro data showing a 31% decline over the past six months despite impressive gross profit margins of 78%. The total value of these sales amounted to $27,696. Following these transactions, Doran holds 164,211 shares directly. All sales were conducted under an approved Rule 10b5-1 trading plan to cover tax obligations associated with the vesting of restricted stock. According to InvestingPro, which offers 12 additional investment tips for SNCR and comprehensive analysis through its Pro Research Report, the company appears slightly undervalued based on its Fair Value analysis.
In other recent news, Synchronoss Technologies reported its Q1 2025 earnings, revealing a slight decline in revenue to $42.2 million from $43 million the previous year. Despite this, the company maintained a strong recurring revenue base, constituting 93.1% of total revenue, and achieved operational efficiencies with a 11.5% reduction in expenses year-over-year. Synchronoss also reported a net loss of $3.8 million or $0.37 per share but highlighted an adjusted EBITDA of $12.7 million, indicating a 30.2% margin. The company reaffirmed its revenue guidance for 2025, projecting between $170 million and $180 million. Additionally, Synchronoss joined the Russell 2000 Index, which is often seen as a positive indicator of a company’s financial health and investor interest. This inclusion is expected to enhance the company’s visibility within the investment community. Lastly, Synchronoss refinanced its debt, extending maturity to 2029, which is anticipated to provide financial stability and flexibility for future growth.
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