Geode Capital Management LLC Sells 32,447 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Geode Capital Management LLC trimmed its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,703,881 shares of the company’s stock after selling 32,447 shares during the quarter. Geode Capital Management LLC owned about 1.37% of E2open Parent worth $12,516,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of E2open Parent in the fourth quarter valued at approximately $86,000. Intech Investment Management LLC raised its holdings in E2open Parent by 64.9% in the 4th quarter. Intech Investment Management LLC now owns 83,545 shares of the company’s stock valued at $222,000 after acquiring an additional 32,891 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of E2open Parent by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after acquiring an additional 13,489 shares during the period. Franklin Resources Inc. acquired a new stake in shares of E2open Parent during the 3rd quarter worth $504,000. Finally, American Century Companies Inc. increased its position in shares of E2open Parent by 26.8% in the fourth quarter. American Century Companies Inc. now owns 227,697 shares of the company’s stock worth $606,000 after purchasing an additional 48,152 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ETWO shares. Loop Capital reduced their price objective on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd. Morgan Stanley lowered their price objective on shares of E2open Parent from $3.00 to $2.30 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their price target on E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a research note on Friday, March 28th.

E2open Parent Stock Down 2.6 %

Shares of NYSE:ETWO opened at $1.90 on Tuesday. E2open Parent Holdings, Inc. has a 52-week low of $1.75 and a 52-week high of $5.08. The company has a market capitalization of $652.15 million, a PE ratio of -1.28, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The company has a fifty day moving average of $2.19 and a 200-day moving average of $2.68.

E2open Parent Company 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 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.