Alliancebernstein L.P. Has $544,000 Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Alliancebernstein L.P. decreased its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,594 shares of the company’s stock after selling 10,235 shares during the period. Alliancebernstein L.P. owned 0.06% of E2open Parent worth $544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of E2open Parent by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock valued at $72,878,000 after buying an additional 408,779 shares during the last quarter. State Street Corp raised its position in E2open Parent by 5.1% during the third quarter. State Street Corp now owns 4,837,532 shares of the company’s stock valued at $21,334,000 after acquiring an additional 233,292 shares in the last quarter. Geode Capital Management LLC lifted its stake in E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after acquiring an additional 759,398 shares during the last quarter. Norges Bank bought a new stake in E2open Parent in the fourth quarter worth approximately $6,151,000. Finally, Gagnon Securities LLC increased its stake in shares of E2open Parent by 37.6% during the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock worth $5,806,000 after purchasing an additional 596,425 shares during the last quarter.

E2open Parent Stock Performance

NYSE:ETWO opened at $1.95 on Friday. The firm has a market capitalization of $667.60 million, a PE ratio of -1.31, a PEG ratio of 1.05 and a beta of 1.04. E2open Parent Holdings, Inc. has a 1 year low of $1.75 and a 1 year high of $5.08. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The firm’s fifty day simple moving average is $2.21 and its 200 day simple moving average is $2.71.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETWO shares. The Goldman Sachs Group cut their price target on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a report on Friday, March 28th. Loop Capital cut their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Finally, Morgan Stanley reduced their price target on E2open Parent from $3.00 to $2.30 and set an “equal weight” rating for the company in a research report on Wednesday.

About E2open Parent

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 SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.