E2open Parent (NYSE:ETWO) Announces Earnings Results, Meets Estimates

E2open Parent (NYSE:ETWO) announced its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02, Fidelity Earnings reports.

ETWO opened at $11.47 on Thursday. The firm’s 50-day simple moving average is $11.46 and its 200-day simple moving average is $11.34. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22. E2open Parent has a twelve month low of $8.26 and a twelve month high of $14.58.

Separately, Bank of America began coverage on shares of E2open Parent in a report on Thursday, September 30th. They issued a “neutral” rating and a $14.00 price target on the stock.

In other E2open Parent news, major shareholder Elliott Investment Management sold 153,615 shares of the company’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $12.00, for a total transaction of $1,843,380.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Chinh Chu bought 28,302 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were acquired at an average price of $10.60 per share, for a total transaction of $300,001.20. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 1,670,148 shares of company stock worth $19,553,674. 7.06% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in E2open Parent by 91.9% during the 2nd quarter. Bank of America Corp DE now owns 23,123 shares of the company’s stock worth $264,000 after purchasing an additional 11,073 shares in the last quarter. Invesco Ltd. bought a new stake in E2open Parent during the 2nd quarter worth approximately $203,000. Finally, Morgan Stanley increased its stake in E2open Parent by 59.0% during the 2nd quarter. Morgan Stanley now owns 3,510,041 shares of the company’s stock worth $40,085,000 after purchasing an additional 1,302,390 shares in the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.

About E2open Parent

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.

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