Geode Capital Management LLC Sells 32,447 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Geode Capital Management LLC decreased its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,703,881 shares of the company’s stock after selling 32,447 shares during the quarter. Geode Capital Management LLC’s holdings in E2open Parent were worth $12,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ETWO. KLP Kapitalforvaltning AS bought a new stake in shares of E2open Parent in the 4th quarter valued at about $86,000. Intech Investment Management LLC boosted its holdings in E2open Parent by 64.9% in the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company’s stock valued at $222,000 after acquiring an additional 32,891 shares during the last quarter. SG Americas Securities LLC increased its position in E2open Parent by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after purchasing an additional 13,489 shares during the period. Franklin Resources Inc. bought a new position in E2open Parent during the 3rd quarter worth approximately $504,000. Finally, American Century Companies Inc. lifted its position in shares of E2open Parent by 26.8% in the 4th quarter. American Century Companies Inc. now owns 227,697 shares of the company’s stock worth $606,000 after purchasing an additional 48,152 shares during the period.

E2open Parent Stock Performance

Shares of E2open Parent stock opened at $1.90 on Tuesday. The business has a 50-day simple moving average of $2.19 and a 200 day simple moving average of $2.68. The firm has a market capitalization of $652.15 million, a price-to-earnings ratio of -1.28, a PEG ratio of 1.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. E2open Parent Holdings, Inc. has a one year low of $1.75 and a one year high of $5.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ETWO shares. Morgan Stanley lowered their target price on shares of E2open Parent from $3.00 to $2.30 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Loop Capital decreased their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group dropped their price target on E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a research note on Friday, March 28th.

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.