Geode Capital Management LLC Increases Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Geode Capital Management LLC grew its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,736,328 shares of the company's stock after buying an additional 759,398 shares during the period. Geode Capital Management LLC owned 1.38% of E2open Parent worth $20,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of E2open Parent by 384.4% in the third quarter. Barclays PLC now owns 303,515 shares of the company's stock worth $1,338,000 after purchasing an additional 240,858 shares during the period. XTX Topco Ltd bought a new stake in E2open Parent during the third quarter valued at $508,000. State Street Corp grew its position in E2open Parent by 5.1% during the third quarter. State Street Corp now owns 4,837,532 shares of the company's stock worth $21,334,000 after buying an additional 233,292 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in E2open Parent in the 3rd quarter worth about $6,360,000. Finally, MetLife Investment Management LLC raised its holdings in shares of E2open Parent by 21.2% in the 3rd quarter. MetLife Investment Management LLC now owns 118,064 shares of the company's stock valued at $521,000 after acquiring an additional 20,667 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of E2open Parent from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th. Loop Capital lowered their price target on E2open Parent from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Monday, December 23rd.

E2open Parent Trading Down 2.9 %

ETWO stock traded down $0.08 on Friday, reaching $2.65. The company's stock had a trading volume of 937,665 shares, compared to its average volume of 1,928,555. The firm has a market cap of $908.07 million, a PE ratio of -1.03, a PEG ratio of 1.16 and a beta of 0.98. The business has a fifty day simple moving average of $3.02 and a two-hundred day simple moving average of $3.83. E2open Parent Holdings, Inc. has a 12-month low of $2.52 and a 12-month high of $5.07. 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 (NYSE:ETWO - Get Free Report) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. The company had revenue of $152.19 million for the quarter, compared to analysts' expectations of $152.33 million. As a group, research analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current 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.