Sea Cliff Partners Management LP Increases Stake in E2open Parent Holdings, Inc. (NYSE:ETWO)

Sea Cliff Partners Management LP grew its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,309,717 shares of the company's stock after buying an additional 531,493 shares during the quarter. E2open Parent makes up 6.6% of Sea Cliff Partners Management LP's portfolio, making the stock its 9th largest position. Sea Cliff Partners Management LP owned about 1.26% of E2open Parent worth $19,351,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ETWO. EntryPoint Capital LLC acquired a new stake in shares of E2open Parent in the first quarter valued at about $30,000. Innealta Capital LLC purchased a new position in E2open Parent in the second quarter worth $34,000. nVerses Capital LLC bought a new stake in E2open Parent during the 2nd quarter valued at $48,000. Canada Pension Plan Investment Board bought a new position in E2open Parent in the second quarter worth about $50,000. Finally, SG Americas Securities LLC bought a new position in E2open Parent during the 1st quarter valued at approximately $62,000.

E2open Parent Stock Performance

ETWO traded up $0.04 on Friday, hitting $4.33. 580,422 shares of the company's stock were exchanged, compared to its average volume of 2,040,672. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $4.34 and a two-hundred day moving average of $4.42. The firm has a market cap of $1.48 billion, a PE ratio of -1.65, a P/E/G ratio of 1.41 and a beta of 0.92. E2open Parent Holdings, Inc. has a twelve month low of $2.15 and a twelve month high of $5.07.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $151.16 million during the quarter, compared to analysts' expectations of $155.48 million. E2open Parent had a positive return on equity of 3.36% and a negative net margin of 125.24%. During the same period in the prior year, the company posted $0.05 earnings per share. On average, research analysts anticipate that E2open Parent Holdings, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ETWO has been the subject of several research analyst reports. The Goldman Sachs Group cut their price target on E2open Parent from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. UBS Group lowered their price target on shares of E2open Parent from $4.50 to $4.20 and set a "neutral" rating on the stock in a report on Thursday, July 11th.

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.