5 Best Tech Stocks Under $5

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1. Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Number of Hedge Fund Holders: 22
Stock Price as of October 15: $2.27

Synchronoss Technologies, Inc. (NASDAQ:SNCR) is a New Jersey-based software company that provides cloud, digital, messaging, and network management platforms across the world. The company comes in at first place on our list of the 10 best tech stocks under $5.

Earlier this August, Roth Capital analyst Richard Baldry maintained a Neutral rating on Synchronoss Technologies, Inc. (NASDAQ:SNCR) with a price target of $3.

By the end of the second quarter of 2021, 22 hedge funds out of the 873 tracked by Insider Monkey held stakes in Synchronoss Technologies, Inc. (NASDAQ:SNCR) worth roughly $34.1 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $8.4 million.

Out of the hedge funds being tracked by Insider Monkey, Carnell Capital is the leading stakeholder in Synchronoss Technologies, Inc. (NASDAQ:SNCR), with over 2.2 million shares worth roughly $7.99 million.

You can also take a peek at the 10 Stocks to Sell According to Julian Robertson’s Tiger Management and Daniel Patrick Gibson’s Sylebra Capital Management is Buying AMD and 9 Other Stocks.

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