Bank of New York Mellon Corp Sells 139,787 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Bank of New York Mellon Corp cut its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 19.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 597,210 shares of the company’s stock after selling 139,787 shares during the period. Bank of New York Mellon Corp’s holdings in E2open Parent were worth $1,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp raised its holdings in E2open Parent by 5.1% during the third quarter. State Street Corp now owns 4,837,532 shares of the company’s stock valued at $21,334,000 after acquiring an additional 233,292 shares during the period. Geode Capital Management LLC raised its holdings in E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after acquiring an additional 759,398 shares during the period. Gagnon Securities LLC raised its holdings in E2open Parent by 37.6% during the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock valued at $5,806,000 after acquiring an additional 596,425 shares during the period. JPMorgan Chase & Co. raised its holdings in E2open Parent by 593.3% during the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after acquiring an additional 1,677,336 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in E2open Parent by 25.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock valued at $7,660,000 after acquiring an additional 349,951 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ETWO shares. Loop Capital reduced their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Morgan Stanley reduced their target price on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Trading Up 0.2 %

Shares of ETWO stock opened at $2.24 on Friday. E2open Parent Holdings, Inc. has a 12-month low of $2.07 and a 12-month high of $5.08. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The stock’s 50-day moving average price is $2.49 and its 200-day moving average price is $3.05. The stock has a market capitalization of $767.14 million, a price-to-earnings ratio of -1.50, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. Equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal 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.