Norges Bank Makes New $6.15 Million Investment in E2open Parent Holdings, Inc. (NYSE:ETWO)

Norges Bank bought a new stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,312,417 shares of the company's stock, valued at approximately $6,151,000. Norges Bank owned approximately 0.67% of E2open Parent at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of E2open Parent by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company's stock worth $72,878,000 after purchasing an additional 408,779 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in E2open Parent during the fourth quarter worth $86,000. American Century Companies Inc. raised its holdings in shares of E2open Parent by 26.8% in the fourth quarter. American Century Companies Inc. now owns 227,697 shares of the company's stock worth $606,000 after acquiring an additional 48,152 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of E2open Parent by 64.9% in the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company's stock valued at $222,000 after acquiring an additional 32,891 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in shares of E2open Parent by 3.8% during the fourth quarter. Cibc World Markets Corp now owns 519,150 shares of the company's stock valued at $1,381,000 after acquiring an additional 19,150 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ETWO shares. Morgan Stanley reduced their target price on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Loop Capital decreased their target price on shares of E2open Parent from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group lowered their target price on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a research note on Friday, March 28th.

E2open Parent Trading Up 1.3 %

Shares of NYSE ETWO traded up $0.03 on Tuesday, reaching $1.99. 62,012 shares of the company traded hands, compared to its average volume of 1,197,843. The stock has a market capitalization of $681.33 million, a PE ratio of -1.33, a P/E/G ratio of 1.05 and a beta of 1.04. E2open Parent Holdings, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $5.08. 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 company has a 50 day moving average of $2.28 and a 200 day moving average of $2.76.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. On average, equities research analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

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.