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Insider Buy Cluster Buy CEO Buy New Position March 11, 2022

Miller Jeffrey George purchased ~$795K in Synchronoss Technologies, Inc. stock

Synchronoss Technologies, Inc. (SNCR)  ·  Chief Executive Officer  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+7.0%

vs SPY -4.1%

SNCR price after insider trade by Miller Jeffrey George

Insider

Miller Jeffrey George

Role

Chief Executive Officer

Transaction

Open-Market Purchase

Approx. Value

~$795K

Trade Date

Mar 11, 2022

Company

Synchronoss Technologies, Inc.

Ticker

SNCR

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$795K purchase

A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.

Chief Executive Officer

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

10 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

+7.0% in 90 days (S&P 500: -4.1%)

This trade beat the S&P 500 by 11.2 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

MJ

How good is Miller Jeffrey George at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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10

Miller Jeffrey George wasn't the only one buying.

10 insiders at Synchronoss Technologies, Inc. traded within the same 30-day window.

See who else bought · Free

On March 11, 2022, Miller Jeffrey George — Chief Executive Officer of Synchronoss Technologies, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$795K in Synchronoss Technologies, Inc. (SNCR) stock.

This transaction was part of a cluster — 10 insiders at Synchronoss Technologies, Inc. made open-market purchases within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, SNCR returned +7.0% versus -4.1% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$795K
Insider role Chief Executive Officer
Cluster 10 insiders
90-day return +7.0%
vs S&P 500 +11.2%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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