Jane Street Group LLC Reduces Stock Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Jane Street Group LLC lessened its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 68.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,092 shares of the company's stock after selling 236,709 shares during the quarter. Jane Street Group LLC's holdings in E2open Parent were worth $486,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in E2open Parent during the 2nd quarter worth about $50,000. MQS Management LLC acquired a new stake in E2open Parent in the third quarter valued at approximately $57,000. Dark Forest Capital Management LP purchased a new position in E2open Parent in the second quarter worth approximately $98,000. US Bancorp DE grew its holdings in E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company's stock worth $164,000 after acquiring an additional 35,516 shares in the last quarter. Finally, Creative Planning grew its holdings in E2open Parent by 219.1% during the 3rd quarter. Creative Planning now owns 37,425 shares of the company's stock worth $165,000 after acquiring an additional 25,698 shares in the last quarter.

Analysts Set New Price Targets

ETWO has been the topic of several recent analyst reports. The Goldman Sachs Group lowered shares of E2open Parent from a "neutral" rating to a "sell" rating and dropped their price target for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th. Loop Capital dropped their target price on shares of 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 Price Performance

NYSE ETWO traded down $0.04 during trading hours on Tuesday, reaching $2.73. The company's stock had a trading volume of 1,064,830 shares, compared to its average volume of 1,269,307. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $935.49 million, a PE ratio of -1.06, a PEG ratio of 1.16 and a beta of 1.00. The company's 50-day moving average is $2.98 and its two-hundred day moving average is $3.75. E2open Parent Holdings, Inc. has a fifty-two week low of $2.52 and a fifty-two week high of $5.07.

E2open Parent (NYSE:ETWO - Get Free Report) last released its earnings results on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate 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%. Analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current 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.