11,087 Shares in Synchronoss Technologies, Inc. (NASDAQ:SNCR) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) in the third quarter, Holdings Channel reports. The firm purchased 11,087 shares of the software maker’s stock, valued at approximately $165,000.

Several other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in shares of Synchronoss Technologies by 2.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker’s stock worth $8,395,000 after acquiring an additional 13,984 shares in the last quarter. AWM Investment Company Inc. boosted its stake in Synchronoss Technologies by 8.5% during the 1st quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker’s stock valued at $4,435,000 after purchasing an additional 41,824 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Synchronoss Technologies by 9.3% during the 2nd quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock worth $734,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Synchronoss Technologies by 40.6% in the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock worth $654,000 after purchasing an additional 20,368 shares during the last quarter. Institutional investors and hedge funds own 51.71% of the company’s stock.

Synchronoss Technologies Stock Performance

Shares of SNCR stock opened at $9.52 on Monday. Synchronoss Technologies, Inc. has a one year low of $3.55 and a one year high of $15.46. The company has a market cap of $103.19 million, a P/E ratio of -2.45 and a beta of 1.99. The firm has a 50-day moving average of $11.66 and a 200-day moving average of $10.85. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88.

Insider Buying and Selling at Synchronoss Technologies

In related news, CFO Lou Ferraro sold 5,768 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $13.60, for a total transaction of $78,444.80. Following the completion of the transaction, the chief financial officer now owns 83,556 shares in the company, valued at approximately $1,136,361.60. This represents a 6.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey George Miller sold 12,000 shares of Synchronoss Technologies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.50, for a total transaction of $162,000.00. Following the completion of the sale, the chief executive officer now directly owns 284,462 shares in the company, valued at approximately $3,840,237. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,165 shares of company stock worth $513,165. Insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

About Synchronoss Technologies

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.