Synchronoss Technologies, Inc. (NASDAQ:SNCR) Shares Sold by AWM Investment Company Inc.

AWM Investment Company Inc. lowered its stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 515,650 shares of the software maker's stock after selling 42,938 shares during the period. AWM Investment Company Inc. owned 4.76% of Synchronoss Technologies worth $4,950,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Synchronoss Technologies by 54,341.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,797 shares of the software maker's stock worth $875,000 after purchasing an additional 58,689 shares in the last quarter. Barclays PLC lifted its position in Synchronoss Technologies by 603.6% in the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker's stock worth $85,000 after buying an additional 4,919 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Synchronoss Technologies by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker's stock worth $5,468,000 after acquiring an additional 11,023 shares during the last quarter. Geode Capital Management LLC raised its position in Synchronoss Technologies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 106,408 shares of the software maker's stock worth $1,022,000 after purchasing an additional 1,851 shares during the period. Finally, American Century Companies Inc. bought a new position in shares of Synchronoss Technologies during the fourth quarter valued at about $103,000. 51.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 6,289 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $10.22, for a total transaction of $64,273.58. Following the completion of the transaction, the chief executive officer now owns 445,564 shares in the company, valued at $4,553,664.08. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 15,804 shares of company stock valued at $164,418. 19.90% of the stock is owned by company insiders.

Synchronoss Technologies Trading Down 4.0%

Shares of NASDAQ SNCR traded down $0.27 during midday trading on Monday, hitting $6.50. 93,136 shares of the company traded hands, compared to its average volume of 81,723. The stock has a 50-day moving average price of $9.82 and a 200 day moving average price of $9.68. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $74.74 million, a P/E ratio of -1.68 and a beta of 1.85. Synchronoss Technologies, Inc. has a 12-month low of $6.45 and a 12-month high of $15.46.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.75. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. The company had revenue of $44.21 million during the quarter, compared to analyst estimates of $43.76 million. As a group, analysts expect that Synchronoss Technologies, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Synchronoss Technologies from a "hold" rating to a "buy" rating in a report on Friday, March 14th.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.