E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in E2open Parent Holdings, Inc. (NYSE:ETWO) by 49.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,629 shares of the company’s stock after buying an additional 18,962 shares during the quarter. ProShare Advisors LLC’s holdings in E2open Parent were worth $153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ETWO. Bayesian Capital Management LP bought a new position in shares of E2open Parent in the 4th quarter worth about $35,000. KLP Kapitalforvaltning AS acquired a new stake in E2open Parent during the fourth quarter worth about $86,000. Occudo Quantitative Strategies LP acquired a new stake in E2open Parent during the fourth quarter worth about $101,000. Mariner LLC lifted its holdings in E2open Parent by 276.3% in 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in E2open Parent by 15.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company’s stock valued at $208,000 after acquiring an additional 10,321 shares during the period.

Analyst Upgrades and Downgrades

ETWO has been the topic of a number of research reports. Wall Street Zen upgraded E2open Parent from a “hold” rating to a “buy” rating in a research report on Friday. UBS Group cut their target price on E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered 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, Morgan Stanley increased their price objective on shares of E2open Parent from $2.10 to $3.30 and gave the stock an “equal weight” rating in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.78.

Insider Activity

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $3.21, for a total value of $98,251,137.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by insiders.

E2open Parent Trading Down 0.2%

Shares of ETWO stock opened at $3.21 on Tuesday. E2open Parent Holdings, Inc. has a 1 year low of $1.75 and a 1 year high of $4.82. The firm has a market capitalization of $1.10 billion, a PE ratio of -2.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The stock has a fifty day moving average of $2.33 and a two-hundred day moving average of $2.55. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $153.50 million for 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%. As a group, research analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current 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.