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

Allspring Global Investments Holdings LLC lowered its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ETWO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in E2open Parent by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,053 shares of the company's stock valued at $311,000 after buying an additional 5,051 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of E2open Parent by 15.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company's stock valued at $208,000 after acquiring an additional 10,321 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in E2open Parent during the 4th quarter worth about $35,000. Tidal Investments LLC purchased a new stake in E2open Parent during the 4th quarter worth about $38,000. Finally, Ensign Peak Advisors Inc lifted its holdings in E2open Parent by 10.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 165,400 shares of the company's stock valued at $440,000 after purchasing an additional 15,450 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ETWO shares. Morgan Stanley raised their price target on shares of E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. The Goldman Sachs Group lowered their target price on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a research note on Friday, March 28th. Wall Street Zen upgraded E2open Parent from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Finally, UBS Group lowered their price objective on E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.78.

E2open Parent Trading Down 0.2%

ETWO stock traded down $0.01 on Monday, hitting $3.25. 466,843 shares of the company were exchanged, compared to its average volume of 3,010,270. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -1.52 and a beta of 1.26. E2open Parent Holdings, Inc. has a twelve month low of $1.75 and a twelve month high of $4.82. The business's fifty day moving average is $2.92 and its two-hundred day moving average is $2.58.

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

Insiders Place Their Bets

In other news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $3.21, for a total value of $98,251,137.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.63% of the stock is currently owned by company insiders.

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.