BNP Paribas Financial Markets Invests $319,000 in E2open Parent Holdings, Inc. (NYSE:ETWO)

BNP Paribas Financial Markets purchased a new position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 120,020 shares of the company's stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of E2open Parent by 7.6% during the fourth quarter. Rhumbline Advisers now owns 310,057 shares of the company's stock worth $825,000 after buying an additional 21,800 shares during the last quarter. Vanguard Group Inc. boosted its holdings in E2open Parent by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company's stock valued at $72,878,000 after purchasing an additional 408,779 shares in the last quarter. Gagnon Advisors LLC boosted its holdings in E2open Parent by 50.0% in the 4th quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company's stock valued at $3,115,000 after purchasing an additional 390,372 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in E2open Parent by 37.2% in the 4th quarter. Renaissance Technologies LLC now owns 102,600 shares of the company's stock valued at $273,000 after purchasing an additional 27,800 shares in the last quarter. Finally, Norges Bank purchased a new stake in E2open Parent in the 4th quarter valued at approximately $6,151,000.

E2open Parent Price Performance

Shares of NYSE:ETWO traded up $0.01 during trading on Friday, hitting $3.21. 25,845,388 shares of the stock were exchanged, compared to its average volume of 2,843,586. The company has a fifty day moving average price of $2.31 and a two-hundred day moving average price of $2.55. The company has a market cap of $1.10 billion, a PE ratio of -2.15, a P/E/G 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. E2open Parent Holdings, Inc. has a 12-month low of $1.75 and a 12-month high of $4.82.

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 (EPS) for the quarter, topping 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 firm had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.01 million. On average, analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on ETWO. UBS Group lowered their price objective on E2open Parent from $3.00 to $2.50 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen raised E2open Parent from a "hold" rating to a "buy" rating in a report on Friday. Morgan Stanley lifted their price objective on E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a report on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, E2open Parent has a consensus rating of "Hold" and a consensus target price of $2.78.

Insider Buying and Selling

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $3.21, for a total value of $98,251,137.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.70% of the company's stock.

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.