Charles Schwab Investment Management Inc. Cuts Stock Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Charles Schwab Investment Management Inc. reduced its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 6.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,619,102 shares of the company’s stock after selling 117,953 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in E2open Parent were worth $4,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of E2open Parent during the third quarter worth about $223,000. SG Americas Securities LLC raised its holdings in E2open Parent by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after acquiring an additional 13,489 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in E2open Parent by 8.9% during the third quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company’s stock worth $482,000 after acquiring an additional 8,940 shares during the period. Franklin Resources Inc. bought a new position in E2open Parent in the 3rd quarter worth about $504,000. Finally, XTX Topco Ltd acquired a new stake in E2open Parent in the third quarter worth about $508,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Loop Capital reduced their price objective on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. Morgan Stanley cut their price objective on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group cut shares of E2open Parent from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Stock Up 1.1 %

Shares of ETWO opened at $2.28 on Thursday. The company has a 50-day simple moving average of $2.48 and a 200-day simple moving average of $3.01. The firm has a market capitalization of $780.87 million, a P/E ratio of -1.53, a P/E/G ratio of 1.05 and a beta of 1.02. E2open Parent Holdings, Inc. has a 52 week low of $2.07 and a 52 week 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.

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