E2open Parent Holdings, Inc. (NYSE:ETWO) Holdings Lowered by Bank of America Corp DE

Bank of America Corp DE reduced its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 70.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,877 shares of the company's stock after selling 1,138,479 shares during the period. Bank of America Corp DE owned approximately 0.14% of E2open Parent worth $1,261,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in E2open Parent during the 4th quarter worth approximately $86,000. Mariner LLC grew its position in shares of E2open Parent by 276.3% during the fourth quarter. Mariner LLC now owns 45,414 shares of the company's stock worth $121,000 after buying an additional 33,345 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of E2open Parent by 15.3% in 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. Intech Investment Management LLC increased its stake in shares of E2open Parent by 64.9% in the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company's stock worth $222,000 after buying an additional 32,891 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in E2open Parent by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock valued at $227,000 after acquiring an additional 13,489 shares in the last quarter.

E2open Parent Price Performance

Shares of NYSE:ETWO remained flat at $3.23 during trading on Friday. 1,893,095 shares of the company were exchanged, compared to its average volume of 2,916,093. The stock has a market cap of $1.11 billion, a PE ratio of -2.17, a P/E/G ratio of 1.05 and a beta of 1.27. E2open Parent Holdings, Inc. has a twelve month low of $1.75 and a twelve month high of $4.82. The company's 50 day moving average is $2.42 and its 200 day moving average is $2.56. 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 (NYSE:ETWO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $153.50 million during the quarter, compared to analyst estimates of $153.01 million. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. Equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ETWO shares. The Goldman Sachs Group dropped 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 report on Friday, March 28th. Morgan Stanley boosted 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, May 28th. Wall Street Zen upgraded E2open Parent from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, UBS Group decreased their target price 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 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. According to data from MarketBeat.com, E2open Parent has an average rating of "Hold" and an average price target of $2.78.

Insiders Place Their Bets

In other news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of E2open Parent stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 accessible through the SEC website. 4.70% of the stock is owned by corporate insiders.

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.