Gagnon Securities LLC Has $7.64 Million Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Key Points

• Gagnon Securities LLC increased its holdings in E2open Parent Holdings, Inc. by 75%, owning approximately 3.82 million shares valued at $7.64 million, making it the firm's 24th largest position.
• Several hedge funds, including Vanguard Group Inc. and Deutsche Bank AG, have also made significant modifications to their stakes in E2open Parent during the last quarter.
• The company reported earnings of $0.05 per share for the last quarter, beating analysts' expectations, and is expected to post earnings of $0.19 per share for the current fiscal year.

Gagnon Securities LLC raised its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 75.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,820,311 shares of the company's stock after buying an additional 1,637,418 shares during the period. E2open Parent comprises 1.7% of Gagnon Securities LLC's portfolio, making the stock its 24th biggest position. Gagnon Securities LLC owned about 1.11% of E2open Parent worth $7,641,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in shares of E2open Parent during the fourth quarter worth $319,000. Vanguard Group Inc. grew its stake 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 buying an additional 408,779 shares during 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 during the period. Deutsche Bank AG lifted its holdings in shares of E2open Parent by 102.0% during the 4th quarter. Deutsche Bank AG now owns 222,189 shares of the company's stock worth $591,000 after acquiring an additional 112,189 shares during the period. Finally, Norges Bank bought a new stake in shares of E2open Parent during the 4th quarter worth approximately $6,151,000.

Insider Transactions at E2open Parent

In related news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the firm's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.63% of the company's stock.

E2open Parent Stock Up 0.1%

ETWO opened at $3.30 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.05 and a quick ratio of 1.05. The company's 50-day moving average is $3.25 and its 200 day moving average is $2.68. E2open Parent Holdings, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $4.63. The firm has a market capitalization of $1.14 billion, a P/E ratio of -1.60 and a beta of 1.27.

E2open Parent (NYSE:ETWO - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. E2open Parent had a negative net margin of 104.26% and a positive return on equity of 6.34%. The company had revenue of $152.30 million for the quarter, compared to analyst estimates of $148.92 million. During the same period last year, the firm earned $0.04 earnings per share. Research analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ETWO has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of E2open Parent from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. UBS Group decreased 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. Finally, Morgan Stanley increased their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $2.78.

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.

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