JPMorgan Chase & Co. Reduces Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

JPMorgan Chase & Co. cut its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 91.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 174,239 shares of the company's stock after selling 1,785,791 shares during the period. JPMorgan Chase & Co. owned about 0.05% of E2open Parent worth $463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in E2open Parent by 384.4% in the 3rd quarter. Barclays PLC now owns 303,515 shares of the company's stock valued at $1,338,000 after buying an additional 240,858 shares in the last quarter. Franklin Resources Inc. purchased a new stake in E2open Parent in the third quarter valued at $504,000. SG Americas Securities LLC lifted its stake in shares of E2open Parent by 18.8% in the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock valued at $227,000 after purchasing an additional 13,489 shares during the last quarter. Gagnon Securities LLC grew its holdings in shares of E2open Parent by 37.6% during the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company's stock worth $5,806,000 after purchasing an additional 596,425 shares during the period. Finally, Gagnon Advisors LLC increased its position in shares of E2open Parent by 50.0% during the 4th quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company's stock worth $3,115,000 after purchasing an additional 390,372 shares during the last quarter.

E2open Parent Stock Up 4.7 %

Shares of NYSE ETWO traded up $0.11 during midday trading on Wednesday, hitting $2.34. The company's stock had a trading volume of 1,203,441 shares, compared to its average volume of 1,771,065. E2open Parent Holdings, Inc. has a 1 year low of $1.75 and a 1 year high of $5.08. The business's fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.59. The firm has a market capitalization of $801.46 million, a price-to-earnings ratio of -1.57, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08.

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 for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $153.50 million for the quarter, compared to analyst estimates of $153.01 million. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. On average, equities analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

ETWO has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased 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 report on Friday, March 28th. Morgan Stanley decreased their price objective on shares of E2open Parent from $3.00 to $2.30 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group dropped their target price on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Wednesday, April 30th.

E2open Parent 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.