Allspring Global Investments Holdings LLC Lowers Stake in E2open Parent Holdings, Inc. (NYSE:ETWO)

Allspring Global Investments Holdings LLC decreased its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,893,792 shares of the company's stock after selling 1,517,236 shares during the period. Allspring Global Investments Holdings LLC owned 1.60% of E2open Parent worth $21,484,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State of Wyoming purchased a new position in shares of E2open Parent in the second quarter worth about $25,000. Quantbot Technologies LP bought a new stake in E2open Parent during the 2nd quarter worth approximately $35,000. Cubist Systematic Strategies LLC increased its holdings in E2open Parent by 513.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 5,863 shares of the company's stock worth $34,000 after acquiring an additional 4,908 shares during the period. Point72 Hong Kong Ltd bought a new stake in E2open Parent during the 1st quarter worth approximately $61,000. Finally, Mackenzie Financial Corp bought a new stake in E2open Parent during the 1st quarter worth approximately $99,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on ETWO. Morgan Stanley began coverage on shares of E2open Parent in a report on Wednesday, January 17th. They set an "equal weight" rating and a $4.00 target price on the stock. UBS Group upped their target price on shares of E2open Parent from $4.00 to $4.50 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $4.29.

E2open Parent Trading Down 3.7 %

Shares of E2open Parent stock traded down $0.16 during trading on Friday, reaching $4.16. The company's stock had a trading volume of 1,044,157 shares, compared to its average volume of 1,607,466. E2open Parent Holdings, Inc. has a 52-week low of $2.15 and a 52-week high of $6.90. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -0.97, a PEG ratio of 17.04 and a beta of 1.02. The firm's 50-day moving average is $4.16 and its two-hundred day moving average is $3.84. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64.

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 software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. The company's software combines networks, data, and applications to provide a platform that allows customers to optimize their channel and supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.