E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 25.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,737,055 shares of the company's stock after acquiring an additional 349,951 shares during the period. Charles Schwab Investment Management Inc. owned 0.51% of E2open Parent worth $7,660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in E2open Parent in the 2nd quarter worth approximately $31,460,000. Dimensional Fund Advisors LP grew its holdings in E2open Parent by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company's stock worth $30,537,000 after buying an additional 1,272,370 shares in the last quarter. Sea Cliff Partners Management LP grew its holdings in E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company's stock worth $19,351,000 after buying an additional 531,493 shares in the last quarter. Empowered Funds LLC grew its holdings in E2open Parent by 41.4% in the 3rd quarter. Empowered Funds LLC now owns 1,018,005 shares of the company's stock worth $4,489,000 after buying an additional 297,898 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in E2open Parent by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 798,741 shares of the company's stock worth $3,586,000 after buying an additional 55,315 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered E2open Parent from a "neutral" rating to a "sell" rating and decreased their price target for the company from $3.50 to $2.90 in a research note on Wednesday.

E2open Parent Price Performance

NYSE ETWO traded down $0.02 on Thursday, reaching $3.01. 208,878 shares of the stock traded hands, compared to its average volume of 1,955,024. The firm's fifty day simple moving average is $3.20 and its 200 day simple moving average is $3.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -1.18, a P/E/G ratio of 1.22 and a beta of 0.98. E2open Parent Holdings, Inc. has a 12 month low of $2.80 and a 12 month high of $5.07.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $152.19 million during the quarter, compared to analyst estimates of $152.33 million. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. As a group, 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.