State Board of Administration of Florida Retirement System Acquires 9,370 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

State Board of Administration of Florida Retirement System raised its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO – Get Rating) by 56.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,869 shares of the company’s stock after acquiring an additional 9,370 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in E2open Parent were worth $152,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in E2open Parent during the 2nd quarter valued at $35,000. Point72 Hong Kong Ltd bought a new position in E2open Parent during the 1st quarter worth $61,000. Highland Capital Management LLC bought a new position in E2open Parent during the 3rd quarter worth $76,000. Fox Run Management L.L.C. bought a new position in E2open Parent during the 3rd quarter worth $80,000. Finally, Tower Research Capital LLC TRC increased its position in shares of E2open Parent by 170.6% in the third quarter. Tower Research Capital LLC TRC now owns 13,168 shares of the company’s stock worth $80,000 after purchasing an additional 8,301 shares during the period.

Analyst Ratings Changes

A number of research analysts recently commented on ETWO shares. Bank of America cut E2open Parent from a “buy” rating to an “underperform” rating in a research report on Tuesday, May 2nd. Craig Hallum lowered E2open Parent from a “buy” rating to a “hold” rating and cut their price target for the company from $9.50 to $4.50 in a research note on Tuesday, May 2nd. Credit Suisse Group raised E2open Parent from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 2nd. Finally, Loop Capital cut their price target on E2open Parent from $9.00 to $7.00 in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, E2open Parent has a consensus rating of “Hold” and an average price target of $5.75.

Insider Buying and Selling

In other E2open Parent news, CEO Michael Farlekas sold 13,000 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $4.53, for a total value of $58,890.00. Following the completion of the sale, the chief executive officer now owns 204,478 shares in the company, valued at approximately $926,285.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.98% of the stock is owned by corporate insiders.

E2open Parent Stock Up 2.4 %

Shares of NYSE ETWO opened at $4.69 on Wednesday. E2open Parent Holdings, Inc. has a one year low of $3.92 and a one year high of $8.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.91. The business’s fifty day moving average price is $5.50 and its 200-day moving average price is $5.81. The stock has a market capitalization of $1.42 billion, a PE ratio of -2.19, a P/E/G ratio of 1.52 and a beta of 0.60.

E2open Parent (NYSE:ETWO – Get Rating) last announced its earnings results on Monday, May 1st. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $166.27 million for the quarter. E2open Parent had a positive return on equity of 2.78% and a negative net margin of 99.46%. On average, equities research analysts anticipate that E2open Parent Holdings, Inc. will post 0.21 EPS for the current year.

E2open Parent Profile

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E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.