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

Bank of New York Mellon Corp lowered its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 owned 0.17% of E2open Parent worth $1,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of E2open Parent by 593.3% in the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company's stock valued at $8,644,000 after purchasing an additional 1,677,336 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of E2open Parent during the third quarter worth $6,360,000. Geode Capital Management LLC lifted its stake in shares of 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 lifted its stake in shares of 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. Finally, Gagnon Advisors LLC boosted its holdings in E2open Parent by 50.0% in the fourth quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company's stock valued at $3,115,000 after acquiring an additional 390,372 shares during the last quarter.

E2open Parent Trading Up 1.1 %

E2open Parent stock traded up $0.03 during mid-day trading on Wednesday, hitting $2.28. 819,899 shares of the company's stock were exchanged, compared to its average volume of 1,123,135. The company's 50 day simple moving average is $2.48 and its 200-day simple moving average is $3.01. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $780.87 million, a P/E ratio of -1.53, a PEG ratio of 1.05 and a beta of 1.02. E2open Parent Holdings, Inc. has a fifty-two week low of $2.07 and a fifty-two week high of $5.08.

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E2open Parent (NYSE:ETWO - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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%. On average, equities analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ETWO. Loop Capital dropped their price objective on E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a report on Monday, December 23rd. The Goldman Sachs Group lowered shares of E2open Parent from a "neutral" rating to a "sell" rating and cut their price objective for the company from $3.50 to $2.90 in a report on Wednesday, December 11th. Finally, Morgan Stanley reduced their price objective on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th.

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.