E2open Parent Holdings, Inc. (NYSE:ETWO) Position Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,907 shares of the company’s stock after purchasing an additional 10,321 shares during the period. Price T Rowe Associates Inc. MD’s holdings in E2open Parent were worth $208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in E2open Parent by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company’s stock worth $21,050,000 after purchasing an additional 505,463 shares in the last quarter. Mariner LLC raised its holdings in E2open Parent by 276.3% during the fourth quarter. Mariner LLC now owns 45,414 shares of the company’s stock worth $121,000 after purchasing an additional 33,345 shares in the last quarter. Barclays PLC raised its holdings in E2open Parent by 12.1% during the fourth quarter. Barclays PLC now owns 340,386 shares of the company’s stock worth $906,000 after purchasing an additional 36,871 shares in the last quarter. Renaissance Technologies LLC raised its holdings in E2open Parent by 37.2% during the fourth quarter. Renaissance Technologies LLC now owns 102,600 shares of the company’s stock worth $273,000 after purchasing an additional 27,800 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in E2open Parent by 23.9% during the fourth quarter. Wells Fargo & Company MN now owns 137,024 shares of the company’s stock worth $364,000 after purchasing an additional 26,439 shares in the last quarter.

E2open Parent Trading Up 3.2%

E2open Parent stock opened at $2.78 on Friday. 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 firm has a market cap of $954.56 million, a price-to-earnings ratio of -1.86, a price-to-earnings-growth 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 $5.06. The firm’s 50 day moving average price is $2.19 and its two-hundred day moving average price is $2.57.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data 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. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. The firm had revenue of $153.50 million for the quarter, compared to analysts’ expectations of $153.01 million. On average, research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ETWO. UBS Group decreased their price target on shares of E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley decreased their price target on shares of E2open Parent from $3.00 to $2.30 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their price target on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a research report on Friday, March 28th.

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.