E2open Parent (NYSE:ETWO) Sets New 12-Month Low at $6.00

E2open Parent Holdings, Inc. (NYSE:ETWOGet Rating)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.00 and last traded at $6.06, with a volume of 41120 shares traded. The stock had previously closed at $6.33.

Wall Street Analyst Weigh In

Separately, Credit Suisse Group began coverage on shares of E2open Parent in a research report on Friday. They set an “underperform” rating for the company.

E2open Parent Trading Down 4.4 %

The stock has a market capitalization of $1.82 billion, a PE ratio of -40.40, a PEG ratio of 1.06 and a beta of 0.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average is $7.02 and its two-hundred day moving average is $7.77.

E2open Parent (NYSE:ETWOGet Rating) last announced its quarterly earnings results on Monday, July 11th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). E2open Parent had a negative net margin of 6.71% and a positive return on equity of 1.75%. The company had revenue of $160.38 million during the quarter. During the same period in the previous year, the business posted ($0.76) earnings per share. On average, analysts anticipate that E2open Parent Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity at E2open Parent

In other E2open Parent news, COO Peter Hantman sold 21,578 shares of E2open Parent stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $7.06, for a total value of $152,340.68. Following the transaction, the chief operating officer now directly owns 116,195 shares in the company, valued at $820,336.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 75,000 shares of company stock valued at $550,295 over the last ninety days. Insiders own 5.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETWO. Bank of America Corp DE grew its position in E2open Parent by 498.2% during the fourth quarter. Bank of America Corp DE now owns 229,167 shares of the company’s stock worth $2,580,000 after buying an additional 190,860 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of E2open Parent by 25.8% in the fourth quarter. Principal Financial Group Inc. now owns 17,239 shares of the company’s stock valued at $194,000 after purchasing an additional 3,539 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of E2open Parent by 141.7% in the fourth quarter. Teacher Retirement System of Texas now owns 29,121 shares of the company’s stock valued at $328,000 after purchasing an additional 17,075 shares in the last quarter. Pictet Asset Management SA purchased a new stake in shares of E2open Parent in the fourth quarter valued at about $126,000. Finally, Rhumbline Advisers lifted its holdings in shares of E2open Parent by 18.6% in the fourth quarter. Rhumbline Advisers now owns 260,816 shares of the company’s stock valued at $2,937,000 after purchasing an additional 40,840 shares in the last quarter.

About E2open Parent

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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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