Trade Alert: The Executive VP & Chief Financial Officer Of Synchronoss Technologies, Inc. (NASDAQ:SNCR), Taylor Greenwald, Has Just Spent US$128k Buying 28% More Shares

Investors who take an interest in Synchronoss Technologies, Inc. (NASDAQ:SNCR) should definitely note that the Executive VP & Chief Financial Officer, Taylor Greenwald, recently paid US$1.28 per share to buy US$128k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 28%.

Check out our latest analysis for Synchronoss Technologies

The Last 12 Months Of Insider Transactions At Synchronoss Technologies

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. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 464.12k shares worth US$584k. On the other hand they divested 42.00 shares, for US$95.8. Overall, Synchronoss Technologies insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Synchronoss Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Synchronoss Technologies Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Synchronoss Technologies insiders own 6.4% of the company, worth about US$8.5m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Synchronoss Technologies Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. 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. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 3 warning signs (1 doesn't sit too well with us!) that you ought to be aware of before buying any shares in Synchronoss Technologies.

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.

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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.