UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.77 Million Stock Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 400,979 shares of the company’s stock after selling 44,527 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of E2open Parent worth $1,768,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in shares of E2open Parent during the second quarter valued at approximately $31,460,000. Dimensional Fund Advisors LP grew its position in E2open Parent by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after purchasing an additional 1,272,370 shares in the last quarter. Sea Cliff Partners Management LP grew its position in E2open Parent by 14.1% during the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after purchasing an additional 531,493 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in E2open Parent by 25.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock valued at $7,660,000 after purchasing an additional 349,951 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of E2open Parent by 41.4% in the third quarter. Empowered Funds LLC now owns 1,018,005 shares of the company’s stock valued at $4,489,000 after purchasing an additional 297,898 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded E2open Parent from a “neutral” rating to a “sell” rating and lowered their price target for the company from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Stock Performance

Shares of ETWO opened at $3.04 on Tuesday. The company’s 50 day moving average price is $3.14 and its 200 day moving average price is $3.94. The company has a market capitalization of $1.04 billion, a PE ratio of -1.18, a PEG ratio of 1.16 and a beta of 0.98. 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.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. The business had revenue of $152.19 million during the quarter, compared to analyst estimates of $152.33 million. Research analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

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.