E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its position in E2open Parent Holdings, Inc. (NYSE:ETWO) by 77.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,146 shares of the company’s stock after selling 83,495 shares during the period. Lazard Asset Management LLC’s holdings in E2open Parent were worth $64,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of E2open Parent by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock valued at $72,878,000 after purchasing an additional 408,779 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in E2open Parent by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company’s stock valued at $21,050,000 after purchasing an additional 505,463 shares during the period. Norges Bank acquired a new stake in E2open Parent in the fourth quarter valued at approximately $6,151,000. Gagnon Securities LLC increased its position in shares of E2open Parent by 37.6% in the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock valued at $5,806,000 after buying an additional 596,425 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of E2open Parent by 4.8% during the 4th quarter. Northern Trust Corp now owns 1,874,702 shares of the company’s stock worth $4,987,000 after buying an additional 86,716 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ETWO shares. Morgan Stanley dropped 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 note on Wednesday, April 16th. Wall Street Zen cut shares of E2open Parent from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group reduced their price target on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a research report on Friday, March 28th. Finally, UBS Group lowered their price objective on E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, E2open Parent currently has an average rating of “Hold” and an average price target of $2.53.

E2open Parent Trading Down 2.8%

Shares of ETWO stock opened at $2.58 on Monday. E2open Parent Holdings, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $4.92. 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 stock’s fifty day moving average is $2.23 and its two-hundred day moving average is $2.55. The firm has a market capitalization of $885.77 million, a P/E ratio of -1.73, a PEG ratio of 1.05 and a beta of 1.04.

E2open Parent (NYSE:ETWO) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $153.50 million during the quarter, compared to analysts’ expectations of $153.01 million. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Research analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

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.