Barclays PLC Raises Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Barclays PLC lifted its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 79.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,553 shares of the company’s stock after purchasing an additional 226,320 shares during the period. Barclays PLC’s holdings in E2open Parent were worth $2,870,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ETWO. Nisa Investment Advisors LLC increased its stake in shares of E2open Parent by 91.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,533 shares of the company’s stock worth $32,000 after purchasing an additional 2,640 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of E2open Parent by 513.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 5,863 shares of the company’s stock worth $34,000 after purchasing an additional 4,908 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of E2open Parent during the 2nd quarter worth approximately $35,000. Great Lakes Advisors LLC purchased a new position in shares of E2open Parent during the 1st quarter worth approximately $61,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of E2open Parent during the 1st quarter worth approximately $61,000.

Insider Buying and Selling at E2open Parent

In other E2open Parent news, CEO Michael Farlekas sold 13,000 shares of E2open Parent stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $4.83, for a total value of $62,790.00. Following the transaction, the chief executive officer now owns 214,474 shares in the company, valued at approximately $1,035,909.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.78% of the stock is owned by company insiders.

E2open Parent Stock Up 2.2 %

Shares of NYSE ETWO opened at $3.23 on Monday. The firm has a market cap of $979.66 million, a P/E ratio of -1.55, a price-to-earnings-growth ratio of 13.59 and a beta of 0.77. The firm’s 50 day moving average price is $3.88 and its 200 day moving average price is $4.63. E2open Parent Holdings, Inc. has a 1 year low of $2.15 and a 1 year high of $7.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 0.94.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings results on Tuesday, October 10th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $158.49 million for the quarter. E2open Parent had a negative net margin of 96.79% and a positive return on equity of 2.99%. As a group, sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ETWO shares. Redburn Atlantic cut shares of E2open Parent from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.50 to $4.00 in a research note on Thursday, October 12th. Craig Hallum decreased their target price on shares of E2open Parent from $5.00 to $4.00 in a research report on Wednesday, October 11th. Bank of America decreased their target price on shares of E2open Parent from $6.00 to $5.00 in a research report on Wednesday, October 11th. Finally, The Goldman Sachs Group decreased their target price on shares of E2open Parent from $6.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.58.

E2open Parent Profile

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