Schonfeld Strategic Advisors LLC Raises Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Schonfeld Strategic Advisors LLC raised its stake in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 943.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 339,766 shares of the company's stock after acquiring an additional 307,197 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.10% of E2open Parent worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its stake in E2open Parent by 384.4% in the third quarter. Barclays PLC now owns 303,515 shares of the company's stock valued at $1,338,000 after purchasing an additional 240,858 shares in the last quarter. Franklin Resources Inc. purchased a new stake in E2open Parent in the 3rd quarter worth approximately $504,000. JPMorgan Chase & Co. boosted its stake in shares of E2open Parent by 593.3% during the 3rd 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 in the last quarter. SG Americas Securities LLC lifted its stake in shares of E2open Parent by 18.8% in the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock valued at $227,000 after purchasing an additional 13,489 shares during the period. Finally, Gagnon Securities LLC increased its position in E2open Parent by 37.6% during the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company's stock valued at $5,806,000 after buying an additional 596,425 shares in the last quarter.

E2open Parent Trading Down 1.8%

Shares of NYSE:ETWO traded down $0.05 during trading on Wednesday, reaching $2.69. The company's stock had a trading volume of 386,041 shares, compared to its average volume of 1,428,295. The stock has a market capitalization of $925.33 million, a PE ratio of -1.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The firm's 50 day simple moving average is $2.16 and its two-hundred day simple moving average is $2.58. E2open Parent Holdings, Inc. has a 12 month low of $1.75 and a 12 month high of $5.07.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. The business had revenue of $153.50 million during the quarter, compared to analyst estimates of $153.01 million. On average, research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ETWO shares. The Goldman Sachs Group cut their price objective on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a research report on Friday, March 28th. Morgan Stanley reduced their price target on shares of E2open Parent from $3.00 to $2.30 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group cut their target price on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, April 30th.

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.