Geode Capital Management LLC Grows Stake in E2open Parent Holdings, Inc. (NYSE:ETWO)

Geode Capital Management LLC increased its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO) by 19.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,736,328 shares of the company’s stock after purchasing an additional 759,398 shares during the period. Geode Capital Management LLC owned 1.38% of E2open Parent worth $20,892,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ETWO. Bank of Montreal Can bought a new stake in shares of E2open Parent during the second quarter valued at approximately $31,460,000. Jacobs Levy Equity Management Inc. purchased a new position in E2open Parent during the third quarter valued at $6,360,000. Dimensional Fund Advisors LP increased its holdings in E2open Parent by 23.0% in the 2nd 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 holdings in E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock valued at $19,351,000 after acquiring an additional 531,493 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 worth $7,660,000 after purchasing an additional 349,951 shares in the last quarter.

E2open Parent Price Performance

E2open Parent stock 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 quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average is $3.02 and its 200 day moving average is $3.83. 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.

E2open Parent (NYSE:ETWO) last announced its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. The firm had revenue of $152.19 million for the quarter, compared to analysts’ expectations of $152.33 million. Sell-side analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Loop Capital cut their price objective on 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 dropped their price target for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th.

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.