E2open Parent Holdings, Inc. (NYSE:ETWO) Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,701,800 shares of the company's stock after selling 199,079 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.08% of E2open Parent worth $7,441,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ETWO. Bayesian Capital Management LP purchased a new position in E2open Parent during the fourth quarter worth approximately $35,000. Tidal Investments LLC purchased a new position in shares of E2open Parent in the 4th quarter valued at $38,000. KLP Kapitalforvaltning AS purchased a new position in shares of E2open Parent in the 4th quarter valued at $86,000. Occudo Quantitative Strategies LP purchased a new position in shares of E2open Parent in the 4th quarter valued at $101,000. Finally, Mariner LLC raised its stake in shares of E2open Parent by 276.3% in the 4th quarter. Mariner LLC now owns 45,414 shares of the company's stock valued at $121,000 after acquiring an additional 33,345 shares during the period.

Insiders Place Their Bets

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $3.21, for a total transaction of $98,251,137.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ETWO has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Morgan Stanley raised their price objective on shares of E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. 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. Finally, Wall Street Zen raised shares of E2open Parent from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $2.78.

E2open Parent Stock Performance

NYSE:ETWO remained flat at $3.25 during mid-day trading on Monday. 1,552,363 shares of the company traded hands, compared to its average volume of 3,014,533. The stock has a market capitalization of $1.12 billion, a PE ratio of -1.52 and a beta of 1.26. The stock's 50 day moving average is $2.94 and its 200 day moving average is $2.58. E2open Parent Holdings, Inc. has a 12-month low of $1.75 and a 12-month high of $4.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.14 and a quick ratio of 1.14.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.01 million. E2open Parent had a negative net margin of 108.58% and a positive return on equity of 5.59%. As a group, equities research analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share 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.