E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,205 shares of the company’s stock after acquiring an additional 13,489 shares during the quarter. SG Americas Securities LLC’s holdings in E2open Parent were worth $227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in E2open Parent by 593.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after purchasing an additional 1,677,336 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in E2open Parent in the 3rd quarter worth approximately $6,360,000. Geode Capital Management LLC lifted its stake in E2open Parent by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after acquiring an additional 759,398 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of E2open Parent by 25.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock valued at $7,660,000 after acquiring an additional 349,951 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of E2open Parent by 41.4% in the third quarter. Empowered Funds LLC now owns 1,018,005 shares of the company’s stock worth $4,489,000 after acquiring an additional 297,898 shares during the period.

E2open Parent Stock Down 0.7 %

E2open Parent stock opened at $2.80 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $961.07 million, a PE ratio of -1.88, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The business has a 50 day simple moving average of $2.78 and a 200-day simple moving average of $3.47. E2open Parent Holdings, Inc. has a 12 month low of $2.49 and a 12 month high of $5.07.

E2open Parent (NYSE:ETWO) 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, analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

ETWO has been the subject of several analyst reports. Loop Capital decreased their price objective on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd. Morgan Stanley lowered their price objective on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and cut their target price for the company from $3.50 to $2.90 in a report on Wednesday, December 11th.

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.