E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC lessened its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 93.2% during the third quarter, HoldingsChannel reports. The firm owned 10,345 shares of the company’s stock after selling 141,316 shares during the period. Verition Fund Management LLC’s holdings in E2open Parent were worth $46,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in E2open Parent during the 2nd quarter worth approximately $31,460,000. Dimensional Fund Advisors LP boosted its stake in shares of E2open Parent by 23.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after purchasing an additional 1,272,370 shares during the period. Sea Cliff Partners Management LP grew its holdings in E2open Parent by 14.1% during the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock valued at $19,351,000 after purchasing an additional 531,493 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in E2open Parent by 25.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock worth $7,660,000 after buying an additional 349,951 shares during the period. Finally, Empowered Funds LLC boosted its position in E2open Parent by 41.4% in the 3rd quarter. Empowered Funds LLC now owns 1,018,005 shares of the company’s stock valued at $4,489,000 after buying an additional 297,898 shares during the last quarter.

E2open Parent Stock Up 1.5 %

ETWO stock opened at $3.10 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The firm has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.93. The company has a market capitalization of $1.06 billion, a P/E ratio of -1.20, a PEG ratio of 1.16 and a beta of 0.98. E2open Parent Holdings, Inc. has a twelve month low of $2.80 and a twelve month high of $5.07.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $152.19 million for the quarter, compared to the consensus estimate of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. On average, equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th.

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.