Gagnon Advisors LLC Has $3.12 Million Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Gagnon Advisors LLC grew its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,171,117 shares of the company's stock after purchasing an additional 390,372 shares during the quarter. E2open Parent makes up about 2.0% of Gagnon Advisors LLC's investment portfolio, making the stock its 20th biggest position. Gagnon Advisors LLC owned 0.34% of E2open Parent worth $3,115,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ETWO. State Street Corp increased its position in E2open Parent by 5.1% during the 3rd quarter. State Street Corp now owns 4,837,532 shares of the company's stock worth $21,334,000 after purchasing an additional 233,292 shares in the last quarter. Geode Capital Management LLC increased its position in shares of E2open Parent by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock worth $20,892,000 after purchasing an additional 759,398 shares during the last quarter. Gagnon Securities LLC grew its position in shares of E2open Parent by 37.6% in the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company's stock worth $5,806,000 after acquiring an additional 596,425 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 1,677,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in E2open Parent by 25.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company's stock worth $7,660,000 after acquiring an additional 349,951 shares during the last quarter.

E2open Parent Price Performance

NYSE:ETWO traded up $0.03 during trading hours on Wednesday, reaching $2.88. 572,363 shares of the company's stock were exchanged, compared to its average volume of 1,602,182. The company has a market capitalization of $986.82 million, a P/E ratio of -1.93, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. E2open Parent Holdings, Inc. has a 12 month low of $2.49 and a 12 month high of $5.07. The business's 50-day simple moving average is $2.79 and its two-hundred day simple moving average is $3.49. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Sell-side analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ETWO shares. Loop Capital reduced their price objective 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. The Goldman Sachs Group cut E2open Parent from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $3.50 to $2.90 in a research note on Wednesday, December 11th. Finally, Morgan Stanley reduced their price target on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating for the company 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.