Neuberger Berman Group Llc Sells 30,607,831 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO) Stock

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of E2open Parent 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

E2open Parent Stock Down 0.2%

Shares of NYSE:ETWO traded down $0.01 during trading on Monday, hitting $3.21. The stock had a trading volume of 1,920,356 shares, compared to its average volume of 4,192,922. The firm's fifty day moving average is $2.31 and its 200 day moving average is $2.54. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.10 billion, a PE ratio of -2.15, a PEG ratio of 1.05 and a beta of 1.04. 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 released its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $153.50 million during the quarter, compared to analyst estimates of $153.01 million. Analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On E2open Parent

Several institutional investors and hedge funds have recently made changes to their positions in ETWO. Vanguard Group Inc. boosted its stake in E2open Parent by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company's stock valued at $72,878,000 after purchasing an additional 408,779 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in shares of E2open Parent by 15.7% during the fourth quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company's stock valued at $39,169,000 after purchasing an additional 1,994,267 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of E2open Parent by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company's stock valued at $21,050,000 after buying an additional 505,463 shares during the last quarter. Gagnon Securities LLC increased its holdings in E2open Parent by 75.0% in the 1st quarter. Gagnon Securities LLC now owns 3,820,311 shares of the company's stock worth $7,641,000 after buying an additional 1,637,418 shares in the last quarter. Finally, Gagnon Advisors LLC increased its holdings in E2open Parent by 100.0% in the 1st quarter. Gagnon Advisors LLC now owns 2,342,234 shares of the company's stock worth $4,684,000 after buying an additional 1,171,117 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group cut their price objective 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. Wall Street Zen upgraded shares of E2open Parent from a "hold" rating to a "buy" rating in a research report on Friday. Morgan Stanley lifted their target price on shares of E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group reduced their price objective on E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.