Mackenzie Financial Corp Purchases 271,660 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Mackenzie Financial Corp lifted its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 2,494.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 282,552 shares of the company's stock after purchasing an additional 271,660 shares during the quarter. Mackenzie Financial Corp owned 0.08% of E2open Parent worth $752,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bayesian Capital Management LP bought a new stake in shares of E2open Parent in the 4th quarter worth about $35,000. Tidal Investments LLC acquired a new position in E2open Parent during the 4th quarter worth about $38,000. KLP Kapitalforvaltning AS acquired a new position in E2open Parent during the 4th quarter worth about $86,000. Occudo Quantitative Strategies LP acquired a new position in E2open Parent during the 4th quarter worth about $101,000. Finally, Mariner LLC lifted its position in E2open Parent by 276.3% during the 4th 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ETWO shares. The Goldman Sachs Group reduced their target price on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a research note on Friday, March 28th. UBS Group dropped their target price on shares of 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 upgraded shares of E2open Parent from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Morgan Stanley raised their target price on shares of E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, E2open Parent has an average rating of "Hold" and a consensus price target of $2.78.

Insiders Place Their Bets

In related news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the company'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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.70% of the company's stock.

E2open Parent Stock Down 0.2%

Shares of NYSE ETWO traded down $0.01 during midday trading on Thursday, reaching $3.23. The company's stock had a trading volume of 7,274,768 shares, compared to its average volume of 2,911,460. 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 fifty-two week low of $1.75 and a fifty-two week high of $4.82. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -2.16, a PEG ratio of 1.05 and a beta of 1.27. The stock has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $2.56.

E2open Parent (NYSE:ETWO - Get Free Report) last posted 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 company had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.01 million. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Equities research analysts predict 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.