Cibc World Markets Corp Grows Stock Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Cibc World Markets Corp lifted its stake in E2open Parent Holdings, Inc. (NYSE:ETWO) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 519,150 shares of the company’s stock after buying an additional 19,150 shares during the quarter. Cibc World Markets Corp’s holdings in E2open Parent were worth $1,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in E2open Parent by 593.3% in the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after acquiring an additional 1,677,336 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of E2open Parent in the 3rd quarter valued at $6,360,000. Geode Capital Management LLC lifted its stake in shares of E2open Parent by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after purchasing an additional 759,398 shares during the period. Gagnon Securities LLC boosted its holdings in E2open Parent by 37.6% during the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock worth $5,806,000 after buying an additional 596,425 shares in the last quarter. Finally, Gagnon Advisors LLC grew its position in E2open Parent by 50.0% during the fourth quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company’s stock valued at $3,115,000 after buying an additional 390,372 shares during the period.

E2open Parent Stock Up 0.2 %

ETWO stock opened at $2.24 on Friday. The stock has a market capitalization of $767.14 million, a P/E ratio of -1.50, a P/E/G ratio of 1.05 and a beta of 1.02. E2open Parent Holdings, Inc. has a 52 week low of $2.07 and a 52 week high of $5.08. The firm has a 50-day simple moving average of $2.49 and a 200-day simple moving average of $3.06. 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 announced its earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ETWO has been the subject of a number of analyst reports. 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 report on Monday, January 13th. The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th. Finally, Loop Capital dropped their price objective on 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 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.