Potential Synchronoss Technologies, Inc. (NASDAQ:SNCR) shareholders may wish to note that the Executive VP & Chief Financial Officer, Taylor Greenwald, recently bought US$128k worth of stock, paying US$1.28 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 28%.
Synchronoss Technologies Insider Transactions Over The Last Year
In fact, the recent purchase by Taylor Greenwald was the biggest purchase of Synchronoss Technologies shares made by an insider individual in the last twelve months, according to our records. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$1.54. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Happily, we note that in the last year insiders paid US$584k for 464.12k shares. But insiders sold 42.00 shares worth US$95.8. In total, Synchronoss Technologies insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Synchronoss Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Synchronoss Technologies insiders own about US$8.5m worth of shares (which is 6.4% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Synchronoss Technologies Tell Us?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Synchronoss Technologies insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for Synchronoss Technologies (of which 1 can't be ignored!) you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.