AMH Equity Ltd Sells 41,520 Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR)

AMH Equity Ltd trimmed its position in Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) by 52.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,000 shares of the software maker's stock after selling 41,520 shares during the quarter. AMH Equity Ltd owned approximately 0.35% of Synchronoss Technologies worth $365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SNCR. Barclays PLC grew its stake in Synchronoss Technologies by 603.6% in the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker's stock valued at $85,000 after buying an additional 4,919 shares during the last quarter. GSA Capital Partners LLP bought a new position in Synchronoss Technologies in the 3rd quarter valued at approximately $165,000. XTX Topco Ltd bought a new position in Synchronoss Technologies in the 3rd quarter valued at approximately $237,000. State Street Corp raised its stake in shares of Synchronoss Technologies by 12.9% during the third quarter. State Street Corp now owns 35,075 shares of the software maker's stock valued at $522,000 after acquiring an additional 4,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Synchronoss Technologies by 54,341.7% during the third quarter. JPMorgan Chase & Co. now owns 58,797 shares of the software maker's stock valued at $875,000 after acquiring an additional 58,689 shares during the last quarter. Institutional investors and hedge funds own 51.71% of the company's stock.

Insider Buying and Selling

In related news, CEO Jeffrey George Miller sold 17,389 shares of Synchronoss Technologies stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total transaction of $179,802.26. Following the completion of the transaction, the chief executive officer now owns 336,232 shares of the company's stock, valued at $3,476,638.88. This trade represents a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 17.90% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNCR. Roth Mkm raised shares of Synchronoss Technologies from a "neutral" rating to a "buy" rating and raised their price target for the company from $11.00 to $13.00 in a research note on Monday, November 25th. Roth Capital raised shares of Synchronoss Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 25th.

Synchronoss Technologies Trading Down 1.7 %

NASDAQ SNCR traded down $0.16 during mid-day trading on Friday, reaching $8.99. 42,748 shares of the stock were exchanged, compared to its average volume of 48,078. Synchronoss Technologies, Inc. has a one year low of $6.02 and a one year high of $15.46. The stock has a 50 day simple moving average of $9.55 and a 200-day simple moving average of $10.94. The stock has a market cap of $97.44 million, a P/E ratio of -2.32 and a beta of 1.99. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88.

Synchronoss Technologies 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.