Bank of Montreal Can Sells 465,165 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Bank of Montreal Can decreased its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,541,452 shares of the company's stock after selling 465,165 shares during the quarter. Bank of Montreal Can owned 1.91% of E2open Parent worth $28,455,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in E2open Parent by 3.5% during the first quarter. California State Teachers Retirement System now owns 168,604 shares of the company's stock worth $749,000 after purchasing an additional 5,640 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of E2open Parent by 15.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,248 shares of the company's stock worth $194,000 after buying an additional 5,854 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of E2open Parent by 17.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company's stock valued at $217,000 after buying an additional 7,399 shares during the period. Innealta Capital LLC bought a new position in E2open Parent during the second quarter valued at about $34,000. Finally, The Manufacturers Life Insurance Company grew its holdings in E2open Parent by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 100,381 shares of the company's stock worth $451,000 after acquiring an additional 7,566 shares during the period.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price objective on shares of E2open Parent from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Friday, October 11th.

E2open Parent Stock Down 1.0 %

Shares of ETWO traded down $0.03 during trading hours on Friday, hitting $3.04. 508,081 shares of the company were exchanged, compared to its average volume of 1,997,382. The firm's 50 day moving average is $3.38 and its 200-day moving average is $4.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. E2open Parent Holdings, Inc. has a 52 week low of $2.89 and a 52 week high of $5.07. The company has a market cap of $1.04 billion, a PE ratio of -1.18, a PEG ratio of 1.20 and a beta of 0.98.

E2open Parent (NYSE:ETWO - Get Free Report) last released its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, hitting analysts' consensus estimates of $0.05. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. The firm had revenue of $152.19 million during the quarter, compared to analyst estimates of $152.33 million. On average, equities research analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal 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.