Jacobs Levy Equity Management Inc. Has $2.70 Million Stake in E2open Parent Holdings, Inc. (NYSE:ETWO)

Jacobs Levy Equity Management Inc. decreased its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,014,126 shares of the company's stock after selling 427,982 shares during the period. Jacobs Levy Equity Management Inc. owned 0.30% of E2open Parent worth $2,698,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of E2open Parent in the fourth quarter valued at about $6,151,000. Gagnon Securities LLC grew its holdings in E2open Parent by 37.6% in the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company's stock valued at $5,806,000 after buying an additional 596,425 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in E2open Parent by 6.8% in the 4th 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. Vanguard Group Inc. increased its position in E2open Parent by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company's stock worth $72,878,000 after buying an additional 408,779 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in shares of E2open Parent during the fourth quarter worth approximately $1,086,000.

E2open Parent Stock Performance

Shares of ETWO traded down $0.12 on Monday, reaching $2.66. 559,109 shares of the stock traded hands, compared to its average volume of 1,726,561. The stock's 50-day moving average price is $2.19 and its 200-day moving average price is $2.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $915.01 million, a price-to-earnings ratio of -1.79, a P/E/G 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 $5.06.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its quarterly 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. The firm had revenue of $153.50 million for the quarter, compared to analyst estimates of $153.01 million. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Equities analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETWO. UBS Group lowered their price objective on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley decreased their price target on shares of E2open Parent from $3.00 to $2.30 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their price objective on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a report on Friday, March 28th.

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.