Charles Schwab Investment Management Inc. Sells 117,953 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Charles Schwab Investment Management Inc. lessened its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,619,102 shares of the company’s stock after selling 117,953 shares during the period. Charles Schwab Investment Management Inc. owned 0.47% of E2open Parent worth $4,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in E2open Parent during the 3rd quarter valued at approximately $223,000. SG Americas Securities LLC increased its position in shares of E2open Parent by 18.8% during the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock worth $227,000 after acquiring an additional 13,489 shares during the period. The Manufacturers Life Insurance Company raised its position in E2open Parent by 8.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company’s stock valued at $482,000 after purchasing an additional 8,940 shares in the last quarter. Franklin Resources Inc. bought a new position in E2open Parent during the 3rd quarter worth about $504,000. Finally, XTX Topco Ltd purchased a new position in E2open Parent during the third quarter valued at approximately $508,000.

E2open Parent Stock Up 1.1 %

Shares of NYSE ETWO opened at $2.28 on Thursday. The company’s 50-day simple moving average is $2.48 and its 200-day simple moving average is $3.01. E2open Parent Holdings, Inc. has a 52-week low of $2.07 and a 52-week high of $5.08. The firm has a market cap of $780.87 million, a price-to-earnings ratio of -1.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last issued its earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Equities analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

ETWO has been the topic of a number of recent analyst reports. Loop Capital lowered 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. Morgan Stanley decreased their price objective on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, The Goldman Sachs Group downgraded E2open Parent from a “neutral” rating to a “sell” rating and decreased their price target for the company from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Company 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.