E2open Parent (NYSE:ETWO) Posts Earnings Results

E2open Parent (NYSE:ETWO) issued its quarterly earnings data on Tuesday. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02, Fidelity Earnings reports.

E2open Parent stock traded down $0.28 during trading hours on Thursday, hitting $11.19. The company had a trading volume of 84,649 shares, compared to its average volume of 2,622,824. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $11.46 and its 200-day moving average is $11.34. E2open Parent has a fifty-two week low of $8.26 and a fifty-two week high of $14.58.

Separately, Bank of America assumed coverage on shares of E2open Parent in a research note on Thursday, September 30th. They set a “neutral” rating and a $14.00 target price for the company.

In other E2open Parent news, major shareholder Elliott Investment Management sold 338,011 shares of the stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $11.00, for a total value of $3,718,121.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chinh Chu acquired 28,302 shares of the company’s stock in a transaction dated Wednesday, September 1st. The stock was acquired at an average price of $10.60 per share, with a total value of $300,001.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 1,670,148 shares of company stock worth $19,553,674. 7.06% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley boosted 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 acquiring an additional 1,302,390 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of E2open Parent by 91.9% in the second quarter. Bank of America Corp DE now owns 23,123 shares of the company’s stock valued at $264,000 after purchasing an additional 11,073 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of E2open Parent in the second quarter valued at approximately $203,000. 95.88% of the stock is currently owned by institutional investors.

E2open Parent Company Profile

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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