Swiss National Bank Acquires 8,600 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Swiss National Bank boosted its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO – Get Rating) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 437,400 shares of the company’s stock after purchasing an additional 8,600 shares during the period. Swiss National Bank owned about 0.14% of E2open Parent worth $2,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of E2open Parent in the second quarter valued at approximately $35,000. Point72 Hong Kong Ltd acquired a new stake in shares of E2open Parent in the first quarter valued at approximately $61,000. Highland Capital Management LLC acquired a new stake in shares of E2open Parent in the third quarter valued at approximately $76,000. Fox Run Management L.L.C. acquired a new stake in shares of E2open Parent in the third quarter valued at approximately $80,000. Finally, Tower Research Capital LLC TRC increased its holdings 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 valued at $80,000 after purchasing an additional 8,301 shares in the last quarter.

E2open Parent Stock Down 0.9 %

E2open Parent stock opened at $4.65 on Thursday. The firm has a market capitalization of $1.41 billion, a PE ratio of -2.17, a P/E/G ratio of 1.56 and a beta of 0.60. The company’s 50-day moving average is $5.48 and its 200-day moving average is $5.81. E2open Parent Holdings, Inc. has a fifty-two week low of $3.92 and a fifty-two week 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.

E2open Parent (NYSE:ETWO – Get Rating) last released its quarterly earnings data on Monday, May 1st. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. E2open Parent had a negative net margin of 99.46% and a positive return on equity of 2.78%. The company had revenue of $166.27 million for the quarter. Sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity at E2open Parent

In related news, CEO Michael Farlekas sold 13,000 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $6.00, for a total value of $78,000.00. Following the transaction, the chief executive officer now owns 217,478 shares in the company, valued at approximately $1,304,868. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.98% of the stock is owned by company insiders.

E2open Parent Company Profile

(Get Rating)

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.