Jarett Janik Acquires 5,000 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO) Stock

E2open Parent Holdings, Inc. (NYSE:ETWO – Get Rating) CFO Jarett Janik acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were purchased at an average price of $8.33 per share, with a total value of $41,650.00. Following the completion of the acquisition, the chief financial officer now owns 83,270 shares in the company, valued at $693,639.10. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of E2open Parent stock opened at $8.43 on Wednesday. The business’s fifty day simple moving average is $8.55. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. E2open Parent Holdings, Inc. has a twelve month low of $7.16 and a twelve month high of $14.58. The stock has a market cap of $2.82 billion, a PE ratio of -9.69, a price-to-earnings-growth ratio of 0.87 and a beta of 0.92.

ETWO has been the subject of a number of research analyst reports. Craig Hallum initiated coverage on E2open Parent in a report on Tuesday, January 25th. They set a “buy” rating and a $14.00 price objective for the company. Colliers Securities upgraded E2open Parent from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, March 23rd. Zacks Investment Research downgraded E2open Parent from a “buy” rating to a “sell” rating in a report on Monday. Loop Capital dropped their price objective on E2open Parent from $16.00 to $12.00 in a report on Thursday, April 28th. Finally, Bank of America upgraded E2open Parent from a “neutral” rating to a “buy” rating in a report on Thursday, April 21st.

Institutional investors have recently made changes to their positions in the stock. Dark Forest Capital Management LP purchased a new stake in E2open Parent during the 3rd quarter worth $26,000. Nisa Investment Advisors LLC purchased a new position in E2open Parent in the 1st quarter valued at about $28,000. Maverick Capital Ltd. purchased a new position in E2open Parent in the 4th quarter valued at about $118,000. LPL Financial LLC purchased a new position in E2open Parent in the 3rd quarter valued at about $125,000. Finally, Pictet Asset Management SA purchased a new position in E2open Parent in the 4th quarter valued at about $126,000. 98.09% of the stock is owned by hedge funds and other institutional investors.

About E2open Parent (Get Rating)

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.

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