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

JPMorgan Chase & Co. reduced its position in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 91.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 174,239 shares of the company's stock after selling 1,785,791 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.05% of E2open Parent worth $463,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETWO. Vanguard Group Inc. increased its position in shares of E2open Parent by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company's stock valued at $72,878,000 after buying an additional 408,779 shares during the period. Gagnon Securities LLC raised its holdings in shares of E2open Parent by 37.6% during the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company's stock valued at $5,806,000 after acquiring an additional 596,425 shares in the last quarter. Gagnon Advisors LLC lifted its holdings in E2open Parent by 50.0% in the fourth quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company's stock worth $3,115,000 after buying an additional 390,372 shares during the period. Empowered Funds LLC grew its position in shares of E2open Parent by 5.1% in the 4th quarter. Empowered Funds LLC now owns 1,070,416 shares of the company's stock worth $2,847,000 after buying an additional 52,411 shares during the period. Finally, Cibc World Markets Corp boosted its stake in E2open Parent by 3.8% in the 4th quarter. Cibc World Markets Corp now owns 519,150 shares of the company's stock worth $1,381,000 after purchasing an additional 19,150 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

E2open Parent Price Performance

NYSE ETWO traded down $0.11 on Monday, reaching $2.27. The company's stock had a trading volume of 1,178,013 shares, compared to its average volume of 1,767,598. The stock has a market cap of $779.15 million, a PE ratio of -1.52, a PEG ratio of 1.05 and a beta of 1.04. E2open Parent Holdings, Inc. has a twelve month low of $1.75 and a twelve month high of $5.08. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50 day moving average is $2.12 and its two-hundred day moving average is $2.60.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 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 company had revenue of $153.50 million during the quarter, compared to analysts' expectations of $153.01 million. As a group, sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS 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.