14,330 Shares in E2open Parent Holdings, Inc. (NYSE:ETWO) Bought by Tidal Investments LLC

Tidal Investments LLC purchased a new position in E2open Parent Holdings, Inc. (NYSE:ETWO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,330 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds also recently modified their holdings of ETWO. Bayesian Capital Management LP acquired a new position in E2open Parent during the fourth quarter worth about $35,000. KLP Kapitalforvaltning AS acquired a new position in E2open Parent during the fourth quarter worth about $86,000. Occudo Quantitative Strategies LP acquired a new position in E2open Parent during the fourth quarter worth about $101,000. Mariner LLC raised its stake 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 acquiring an additional 33,345 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in E2open Parent by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 57,629 shares of the company’s stock worth $153,000 after acquiring an additional 18,962 shares in the last quarter.

E2open Parent Stock Performance

NYSE:ETWO opened at $3.21 on Monday. The stock’s 50-day moving average is $2.31 and its 200-day moving average is $2.54. E2open Parent Holdings, Inc. has a 1-year low of $1.75 and a 1-year high of $4.82. The stock has a market cap of $1.10 billion, a P/E ratio of -2.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91.

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

Insider Activity at E2open Parent

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $3.21, for a total value of $98,251,137.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETWO has been the subject of several research analyst reports. Wall Street Zen raised E2open Parent from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley boosted their price target on E2open Parent from $2.10 to $3.30 and gave the stock an “equal weight” rating in a report on Wednesday, May 28th. The Goldman Sachs Group reduced their price target on E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a report on Friday, March 28th. Finally, UBS Group reduced their price target 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.78.

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.