Teacher Retirement System of Texas Purchases Shares of 22,612 E2open Parent Holdings, Inc. (NYSE:ETWO)

Teacher Retirement System of Texas purchased a new position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,612 shares of the company’s stock, valued at approximately $45,000.

Several other large investors have also made changes to their positions in ETWO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in E2open Parent by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,053 shares of the company’s stock worth $311,000 after purchasing an additional 5,051 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in E2open Parent by 15.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company’s stock valued at $208,000 after buying an additional 10,321 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of E2open Parent in the 4th quarter worth about $35,000. Tidal Investments LLC bought a new position in shares of E2open Parent in the 4th quarter worth about $38,000. Finally, Ensign Peak Advisors Inc increased its stake in shares of E2open Parent by 10.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 165,400 shares of the company’s stock worth $440,000 after acquiring an additional 15,450 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of E2open Parent from $2.10 to $3.30 and gave the company an “equal weight” rating in a research report on Wednesday, May 28th. UBS Group cut their price target on shares of E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen upgraded E2open Parent from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Finally, The Goldman Sachs Group decreased their price objective on E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.78.

Insider Buying and Selling

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the stock in a transaction 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 can be accessed through this hyperlink. 5.63% of the stock is currently owned by company insiders.

E2open Parent Stock Down 0.2%

Shares of E2open Parent stock opened at $3.28 on Tuesday. The business’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $2.62. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1.13 billion, a P/E ratio of -1.59 and a beta of 1.26. E2open Parent Holdings, Inc. has a 1-year low of $1.75 and a 1-year high of $4.82.

E2open Parent (NYSE:ETWO) last released its quarterly earnings results on Thursday, July 10th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $152.30 million during the quarter, compared to the consensus estimate of $148.92 million. E2open Parent had a positive return on equity of 6.34% and a negative net margin of 104.26%. During the same quarter in the prior year, the company posted $0.04 EPS. As a group, research analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

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.