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

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

E2open Parent Trading Down 0.2%

ETWO traded down $0.01 during midday trading on Tuesday, hitting $3.23. The company's stock had a trading volume of 4,202,869 shares, compared to its average volume of 2,871,466. The firm has a market cap of $1.11 billion, a P/E ratio of -2.16, a PEG ratio of 1.05 and a beta of 1.04. E2open Parent Holdings, Inc. has a 52-week low of $1.75 and a 52-week high of $4.82. 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 has a 50-day moving average price of $2.33 and a two-hundred day moving average price of $2.55.

E2open Parent (NYSE:ETWO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. The company had revenue of $153.50 million during the quarter, compared to analysts' expectations of $153.01 million. On average, research analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ETWO. The Goldman Sachs Group reduced their price target 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 price objective 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. Morgan Stanley lifted their price target on shares of E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Finally, Wall Street Zen raised shares of E2open Parent from a "hold" rating to a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, E2open Parent has a consensus rating of "Hold" and an average price target of $2.78.

Institutional Trading of E2open Parent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETWO. Rhumbline Advisers increased its holdings in E2open Parent by 7.6% during the 4th quarter. Rhumbline Advisers now owns 310,057 shares of the company's stock valued at $825,000 after purchasing an additional 21,800 shares in the last quarter. BNP Paribas Financial Markets bought a new position in E2open Parent during the fourth quarter worth about $319,000. Vanguard Group Inc. lifted its holdings in shares of E2open Parent by 1.5% in the fourth 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 in the last quarter. Gagnon Advisors LLC lifted its holdings in shares of E2open Parent by 50.0% in the fourth quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company's stock valued at $3,115,000 after purchasing an additional 390,372 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in E2open Parent by 37.2% during the fourth quarter. Renaissance Technologies LLC now owns 102,600 shares of the company's stock worth $273,000 after acquiring an additional 27,800 shares in the last quarter.

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.