Charles Schwab Investment Management Inc. Reduces Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Charles Schwab Investment Management Inc. cut its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,619,102 shares of the company's stock after selling 117,953 shares during the period. Charles Schwab Investment Management Inc. owned 0.47% of E2open Parent worth $4,307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in E2open Parent during the third quarter worth $223,000. SG Americas Securities LLC increased its position in shares of E2open Parent by 18.8% during the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock worth $227,000 after acquiring an additional 13,489 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of E2open Parent by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company's stock worth $482,000 after acquiring an additional 8,940 shares during the last quarter. Franklin Resources Inc. bought a new position in E2open Parent in the 3rd quarter valued at about $504,000. Finally, XTX Topco Ltd acquired a new position in E2open Parent during the 3rd quarter valued at about $508,000.

E2open Parent Stock Performance

Shares of E2open Parent stock traded down $0.13 during mid-day trading on Friday, hitting $2.14. 686,054 shares of the stock were exchanged, compared to its average volume of 1,735,725. E2open Parent Holdings, Inc. has a 12 month low of $2.05 and a 12 month high of $5.08. The company has a 50-day simple moving average of $2.46 and a 200 day simple moving average of $2.97. The company has a market capitalization of $732.81 million, a P/E ratio of -1.43, a P/E/G ratio of 1.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08.

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E2open Parent (NYSE:ETWO - Get Free Report) last issued 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%. Sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group lowered their price objective on E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a research note on Friday. Loop Capital lowered their price target on E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a research report on Monday, December 23rd. Finally, Morgan Stanley cut 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 report on Monday, January 13th.

About E2open Parent

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.