E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 41.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018,005 shares of the company’s stock after buying an additional 297,898 shares during the period. Empowered Funds LLC’s holdings in E2open Parent were worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after purchasing an additional 2,823,090 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of E2open Parent by 17.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock worth $217,000 after purchasing an additional 7,399 shares during the last quarter. Sea Cliff Partners Management LP lifted its stake in E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock valued at $19,351,000 after buying an additional 531,493 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in E2open Parent by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after buying an additional 1,272,370 shares during the last quarter. Finally, Swiss National Bank increased its stake in E2open Parent by 11.2% during the 1st quarter. Swiss National Bank now owns 332,300 shares of the company’s stock worth $1,475,000 after buying an additional 33,500 shares in the last quarter.

E2open Parent Stock Performance

NYSE:ETWO opened at $2.97 on Monday. The company has a market cap of $1.02 billion, a P/E ratio of -1.16, a P/E/G ratio of 1.16 and a beta of 0.98. E2open Parent Holdings, Inc. has a twelve month low of $2.92 and a twelve month high of $5.07. The company’s 50-day moving average price is $3.65 and its 200-day moving average price is $4.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

E2open Parent (NYSE:ETWO) last released its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $152.19 million for the quarter, compared to analyst estimates of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. On average, sell-side analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price target on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, October 11th.

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.