Arizona State Retirement System Sells 9,405 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Arizona State Retirement System cut its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO) by 18.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,394 shares of the company’s stock after selling 9,405 shares during the period. Arizona State Retirement System’s holdings in E2open Parent were worth $186,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Laurion Capital Management LP acquired a new stake in shares of E2open Parent during the 3rd quarter worth $59,000. Next Capital Management LLC bought a new position in E2open Parent in the 3rd quarter valued at about $110,000. Principal Financial Group Inc. raised its position in shares of E2open Parent by 18.0% in the 3rd quarter. Principal Financial Group Inc. now owns 25,004 shares of the company’s stock valued at $114,000 after buying an additional 3,813 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in shares of E2open Parent during the 4th quarter worth approximately $132,000. Finally, Jump Financial LLC boosted its position in shares of E2open Parent by 83.5% during the 3rd quarter. Jump Financial LLC now owns 29,974 shares of the company’s stock worth $136,000 after acquiring an additional 13,643 shares in the last quarter.

E2open Parent Price Performance

Shares of NYSE:ETWO opened at $4.12 on Tuesday. The firm has a market cap of $1.26 billion, a PE ratio of -0.96, a price-to-earnings-growth ratio of 16.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96. E2open Parent Holdings, Inc. has a 52 week low of $2.15 and a 52 week high of $6.90. The firm’s fifty day moving average is $4.18 and its 200-day moving average is $3.83.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley began coverage on E2open Parent in a research note on Wednesday, January 17th. They issued an “equal weight” rating and a $4.00 price target on the stock. UBS Group raised their price target on shares of E2open Parent from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.29.

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.