Centiva Capital LP Has $109,000 Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Centiva Capital LP trimmed its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 59.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,764 shares of the company’s stock after selling 36,294 shares during the quarter. Centiva Capital LP’s holdings in E2open Parent were worth $109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ETWO. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in E2open Parent by 15.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,248 shares of the company’s stock worth $194,000 after buying an additional 5,854 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of E2open Parent by 17.9% during the first 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 period. Innealta Capital LLC acquired a new position in shares of E2open Parent during the second quarter worth $34,000. The Manufacturers Life Insurance Company grew its stake in shares of E2open Parent by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 100,381 shares of the company’s stock worth $451,000 after purchasing an additional 7,566 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in E2open Parent by 8.9% in the third quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company’s stock valued at $482,000 after purchasing an additional 8,940 shares during the period.

E2open Parent Stock Down 1.7 %

Shares of NYSE ETWO opened at $2.96 on Friday. E2open Parent Holdings, Inc. has a 52-week low of $2.80 and a 52-week high of $5.07. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day moving average price is $3.16 and its 200-day moving average price is $3.97. The company has a market capitalization of $1.01 billion, a P/E ratio of -1.15, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and reduced their price target for the company from $3.50 to $2.90 in a research report on Wednesday.

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.