Verition Fund Management LLC Reduces Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Verition Fund Management LLC cut its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO) by 93.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,345 shares of the company’s stock after selling 141,316 shares during the period. Verition Fund Management LLC’s holdings in E2open Parent were worth $46,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in E2open Parent during the second quarter worth $31,460,000. Dimensional Fund Advisors LP boosted its stake in shares of E2open Parent by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after acquiring an additional 1,272,370 shares during the last quarter. Sea Cliff Partners Management LP increased 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% in 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 last quarter. Finally, Empowered Funds LLC lifted its holdings in E2open Parent by 41.4% in the 3rd 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.

Analyst Ratings Changes

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

E2open Parent Trading Up 1.5 %

NYSE ETWO opened at $3.10 on Wednesday. The company has a 50-day moving average of $3.12 and a 200-day moving average of $3.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. E2open Parent Holdings, Inc. has a 12 month low of $2.80 and a 12 month high of $5.07. The company has a market cap of $1.06 billion, a P/E ratio of -1.20, a P/E/G ratio of 1.16 and a beta of 0.98.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company 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%. As a group, equities analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current 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.