Creative Planning Purchases 25,698 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Creative Planning raised its position in E2open Parent Holdings, Inc. (NYSE:ETWO) by 219.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 37,425 shares of the company’s stock after buying an additional 25,698 shares during the period. Creative Planning’s holdings in E2open Parent were worth $165,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ETWO. Vanguard Group Inc. lifted its stake in shares of E2open Parent by 12.9% in the 1st quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after purchasing an additional 2,823,090 shares during the period. Bank of Montreal Can acquired a new position in shares of E2open Parent in the 2nd quarter valued at $31,460,000. Dimensional Fund Advisors LP raised its stake 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 buying an additional 1,272,370 shares during the period. Sea Cliff Partners Management LP raised its stake 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 buying an additional 531,493 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in E2open Parent during the 1st quarter worth $7,045,000.

E2open Parent Trading Down 0.3 %

E2open Parent stock opened at $3.36 on Tuesday. E2open Parent Holdings, Inc. has a 52 week low of $2.92 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. The stock has a market capitalization of $1.15 billion, a P/E ratio of -1.31, a PEG ratio of 1.32 and a beta of 0.98. The stock has a 50-day simple moving average of $3.74 and a 200 day simple moving average of $4.25.

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their price objective on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, October 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.