Barclays PLC Increases Stake in E2open Parent Holdings, Inc. (NYSE:ETWO)

Barclays PLC grew its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 384.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,515 shares of the company’s stock after purchasing an additional 240,858 shares during the quarter. Barclays PLC’s holdings in E2open Parent were worth $1,338,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in shares of E2open Parent during the 2nd quarter valued at approximately $48,000. Canada Pension Plan Investment Board bought a new stake in E2open Parent during the 2nd quarter valued at $50,000. MQS Management LLC purchased a new position in shares of E2open Parent in the third quarter valued at $57,000. Dark Forest Capital Management LP purchased a new position in E2open Parent during the 2nd quarter valued at about $98,000. Finally, US Bancorp DE increased its holdings in E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after acquiring an additional 35,516 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Loop Capital reduced their price target on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $3.50 to $2.90 in a research note on Wednesday, December 11th.

E2open Parent Stock Performance

NYSE ETWO opened at $2.65 on Friday. E2open Parent Holdings, Inc. has a 52-week low of $2.52 and a 52-week high of $5.07. The company has a fifty day moving average of $3.02 and a 200-day moving average of $3.83. The company has a market capitalization of $908.07 million, a P/E ratio of -1.03, a P/E/G ratio of 1.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

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. As a group, equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

E2open Parent 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.