Deutsche Bank AG Grows Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Deutsche Bank AG lifted its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 102.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 222,189 shares of the company's stock after acquiring an additional 112,189 shares during the period. Deutsche Bank AG owned approximately 0.06% of E2open Parent worth $591,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new stake in E2open Parent during the 4th quarter worth $35,000. KLP Kapitalforvaltning AS acquired a new stake in shares of E2open Parent in the fourth quarter valued at about $86,000. Mariner LLC increased its position in E2open Parent by 276.3% during 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 period. Price T Rowe Associates Inc. MD raised its stake in 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 worth $208,000 after buying an additional 10,321 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in E2open Parent by 64.9% in the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company's stock valued at $222,000 after buying an additional 32,891 shares during the period.

Analyst Ratings Changes

ETWO has been the subject of several recent analyst reports. Morgan Stanley raised their target price on E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a research note on Wednesday. UBS Group cut their target price on E2open Parent from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group reduced their price objective 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. Finally, Wall Street Zen upgraded E2open Parent from a "hold" rating to a "buy" rating in a research note on Friday. One 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $2.78.

Insider Buying and Selling at E2open Parent

In related news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is currently owned by company insiders.

E2open Parent Stock Performance

Shares of ETWO stock traded up $0.01 during trading on Friday, reaching $3.21. 25,845,388 shares of the company's stock traded hands, compared to its average volume of 2,841,572. E2open Parent Holdings, Inc. has a 1 year low of $1.75 and a 1 year high of $4.82. The company has a market capitalization of $1.10 billion, a P/E ratio of -2.15, a PEG 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. The firm's 50-day moving average is $2.31 and its 200 day moving average is $2.55.

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, beating analysts' consensus estimates of $0.05 by $0.01. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. The company had revenue of $153.50 million during the quarter, compared to analyst estimates of $153.01 million. Equities research analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

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.