Barclays PLC Purchases 240,858 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Barclays PLC raised its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 384.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,515 shares of the company’s stock after purchasing an additional 240,858 shares during the period. Barclays PLC owned approximately 0.09% of E2open Parent worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of E2open Parent in the second quarter worth about $48,000. Canada Pension Plan Investment Board acquired a new position in E2open Parent during the 2nd quarter worth approximately $50,000. MQS Management LLC bought a new position in E2open Parent in the 3rd quarter valued at approximately $57,000. Dark Forest Capital Management LP acquired a new stake in E2open Parent in the second quarter valued at approximately $98,000. Finally, US Bancorp DE grew its stake in shares of E2open Parent by 2,028.3% during the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after buying an additional 35,516 shares during the last quarter.

Wall Street Analyst Weigh In

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

E2open Parent Stock Performance

ETWO opened at $2.65 on Friday. E2open Parent Holdings, Inc. has a 1-year low of $2.52 and a 1-year high of $5.07. The company has a market cap of $908.07 million, a price-to-earnings ratio of -1.03, a PEG ratio of 1.16 and a beta of 0.98. The company’s fifty day moving average price is $3.02 and its two-hundred day moving average price is $3.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

E2open Parent (NYSE:ETWO) last posted its 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 positive return on equity of 3.92% and a negative net margin of 125.70%. On average, analysts expect 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.