Legal & General Group Plc Sells 10,203 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Legal & General Group Plc lowered its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,875 shares of the company’s stock after selling 10,203 shares during the period. Legal & General Group Plc owned about 0.05% of E2open Parent worth $478,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in E2open Parent in the fourth quarter worth $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 worth $222,000 after purchasing an additional 32,891 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of E2open Parent by 18.8% in the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock worth $227,000 after purchasing an additional 13,489 shares during the period. Wells Fargo & Company MN boosted its stake in shares of E2open Parent by 23.9% during the 4th quarter. Wells Fargo & Company MN now owns 137,024 shares of the company’s stock valued at $364,000 after purchasing an additional 26,439 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of E2open Parent during the third quarter valued at about $504,000.

E2open Parent Trading Up 1.0 %

NYSE:ETWO opened at $2.10 on Wednesday. E2open Parent Holdings, Inc. has a one year low of $1.75 and a one year high of $5.08. The company’s 50-day simple moving average is $2.13 and its 200 day simple moving average is $2.63. The firm has a market capitalization of $720.80 million, a P/E ratio of -1.41, a PEG ratio of 1.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.01 million. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. As a group, analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group lowered their price objective on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a report on Friday, March 28th. Morgan Stanley lowered their target price on E2open Parent from $3.00 to $2.30 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th.

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 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.