Deutsche Bank AG Buys 112,189 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Deutsche Bank AG lifted its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 102.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 222,189 shares of the company's stock after buying an additional 112,189 shares during the period. Deutsche Bank AG owned about 0.06% of E2open Parent worth $591,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ETWO. Bayesian Capital Management LP acquired a new stake in E2open Parent in the 4th quarter valued at about $35,000. KLP Kapitalforvaltning AS acquired a new stake in E2open Parent in the 4th quarter valued at about $86,000. Mariner LLC lifted its stake in 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 purchasing an additional 33,345 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in E2open Parent by 15.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company's stock valued at $208,000 after purchasing an additional 10,321 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in E2open Parent by 64.9% during the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company's stock worth $222,000 after acquiring an additional 32,891 shares during the last quarter.

Analysts Set New Price Targets

ETWO has been the subject of several research reports. 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 research report on Wednesday, May 28th. UBS Group cut their price objective on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of E2open Parent from a "hold" rating to a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group dropped 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $2.78.

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 on 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 4.70% of the company's stock.

E2open Parent Price Performance

NYSE:ETWO traded down $0.01 during mid-day trading on Monday, reaching $3.21. The stock had a trading volume of 7,292,367 shares, compared to its average volume of 2,861,361. The stock has a 50-day simple moving average of $2.33 and a two-hundred day simple moving average of $2.55. The stock has a market capitalization 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 debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $153.50 million for the quarter, compared to analysts' expectations of $153.01 million. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. On average, equities analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

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.