AWM Investment Company Inc. Decreases Position in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

AWM Investment Company Inc. lowered its position in Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 approximately 4.76% of Synchronoss Technologies worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Synchronoss Technologies by 603.6% in the third quarter. Barclays PLC now owns 5,734 shares of the software maker's stock valued at $85,000 after purchasing an additional 4,919 shares during the period. JPMorgan Chase & Co. grew its stake in Synchronoss Technologies by 54,341.7% in the third 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. Allspring Global Investments Holdings LLC grew its stake in Synchronoss Technologies by 2.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker's stock worth $5,468,000 after purchasing an additional 11,023 shares in the last quarter. American Century Companies Inc. bought a new position in Synchronoss Technologies in the fourth quarter worth approximately $103,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Synchronoss Technologies by 9.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 80,633 shares of the software maker's stock worth $774,000 after purchasing an additional 7,171 shares in the last quarter. Institutional investors own 51.71% of the company's stock.

Synchronoss Technologies Trading Down 4.0%

NASDAQ:SNCR traded down $0.27 during midday trading on Friday, hitting $6.50. The stock had a trading volume of 93,136 shares, compared to its average volume of 81,518. Synchronoss Technologies, Inc. has a one year low of $6.42 and a one year high of $15.46. The company has a market capitalization of $74.74 million, a price-to-earnings ratio of -1.68 and a beta of 1.85. The stock has a 50-day moving average of $9.82 and a 200 day moving average of $9.71. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $44.21 million for the quarter, compared to analysts' expectations of $43.76 million. Synchronoss Technologies had a negative return on equity of 10.99% and a negative net margin of 20.00%. As a group, sell-side analysts forecast that Synchronoss Technologies, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Synchronoss Technologies

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 6,979 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $10.50, for a total transaction of $73,279.50. Following the sale, the chief executive officer now owns 451,853 shares of the company's stock, valued at approximately $4,744,456.50. This trade represents a 1.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 15,804 shares of company stock valued at $164,418. 19.90% of the stock is currently owned by corporate insiders.

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.