Bank of Montreal Can Sells 2,240,226 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Bank of Montreal Can lowered its stake in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,301,226 shares of the company's stock after selling 2,240,226 shares during the quarter. Bank of Montreal Can owned 1.25% of E2open Parent worth $11,441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ETWO. Vanguard Group Inc. boosted its holdings in E2open Parent by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company's stock valued at $72,878,000 after acquiring an additional 408,779 shares in the last quarter. State Street Corp increased its position in shares of E2open Parent by 5.1% during the third quarter. State Street Corp now owns 4,837,532 shares of the company's stock valued at $21,334,000 after buying an additional 233,292 shares during the period. Geode Capital Management LLC raised its stake in E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock worth $20,892,000 after buying an additional 759,398 shares in the last quarter. Norges Bank purchased a new stake in E2open Parent in the fourth quarter worth about $6,151,000. Finally, Gagnon Securities LLC boosted 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 acquiring an additional 596,425 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ETWO shares. Loop Capital dropped 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. The Goldman Sachs Group lowered their price target on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a research report on Friday, March 28th. Finally, Morgan Stanley cut their price objective on shares of E2open Parent from $3.00 to $2.30 and set an "equal weight" rating on the stock in a report on Wednesday.

E2open Parent Stock Up 1.3 %

Shares of NYSE:ETWO traded up $0.03 on Friday, hitting $1.95. 905,596 shares of the company traded hands, compared to its average volume of 1,720,050. The stock has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $2.73. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. The company has a market cap of $667.60 million, a PE ratio of -1.31, a PEG ratio of 1.05 and a beta of 1.04. E2open Parent Holdings, Inc. has a 52 week low of $1.75 and a 52 week high of $5.08.

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.