E2open Parent Holdings, Inc. (NYSE:ETWO) Position Boosted by Axa S.A.

Axa S.A. boosted its position in E2open Parent Holdings, Inc. (NYSE:ETWO) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 418,186 shares of the company’s stock after buying an additional 45,865 shares during the quarter. Axa S.A. owned approximately 0.12% of E2open Parent worth $1,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of E2open Parent during the first quarter worth $30,000. Innealta Capital LLC acquired a new stake in E2open Parent during the second quarter worth about $34,000. nVerses Capital LLC bought a new position in E2open Parent in the second quarter worth about $48,000. Canada Pension Plan Investment Board acquired a new position in E2open Parent in the second quarter valued at approximately $50,000. Finally, SG Americas Securities LLC acquired a new position in E2open Parent in the first quarter valued at approximately $62,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ETWO. UBS Group cut their price target on E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a report on Thursday, July 11th. The Goldman Sachs Group cut their target price on E2open Parent from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th.

E2open Parent Stock Performance

Shares of NYSE ETWO opened at $4.41 on Tuesday. E2open Parent Holdings, Inc. has a 12-month low of $2.15 and a 12-month high of $5.07. The company has a market cap of $1.50 billion, a PE ratio of -1.70, a P/E/G ratio of 1.44 and a beta of 0.92. The stock has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $4.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings results on Wednesday, July 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). E2open Parent had a positive return on equity of 3.36% and a negative net margin of 125.24%. The business had revenue of $151.16 million for the quarter, compared to analyst estimates of $155.48 million. During the same quarter last year, the firm posted $0.05 EPS. On average, equities research analysts forecast that E2open Parent Holdings, Inc. will post 0.2 EPS for the current year.

E2open Parent Company 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.