ExodusPoint Capital Management LP Takes Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

ExodusPoint Capital Management LP purchased a new position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 408,096 shares of the company's stock, valued at approximately $1,086,000. ExodusPoint Capital Management LP owned approximately 0.12% of E2open Parent as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in E2open Parent during the 4th quarter valued at approximately $86,000. Intech Investment Management LLC raised its stake in E2open Parent by 64.9% during the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company's stock valued at $222,000 after purchasing an additional 32,891 shares in the last quarter. SG Americas Securities LLC grew 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 worth $227,000 after buying an additional 13,489 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of E2open Parent by 8.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company's stock valued at $482,000 after buying an additional 8,940 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in E2open Parent during the third quarter valued at approximately $504,000.

E2open Parent Stock Down 0.8 %

Shares of ETWO traded down $0.02 during midday trading on Wednesday, hitting $1.97. 73,533 shares of the company's stock traded hands, compared to its average volume of 1,718,619. E2open Parent Holdings, Inc. has a 1 year low of $1.75 and a 1 year high of $5.08. The firm's fifty day moving average is $2.26 and its 200-day moving average is $2.76. 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 stock has a market capitalization of $674.46 million, a price-to-earnings ratio of -1.31, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ETWO. Morgan Stanley dropped their target price on E2open Parent from $4.00 to $3.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Loop Capital lowered their target price on shares of E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group decreased their price objective on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a report on Friday, March 28th.

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.