E2open Parent (NYSE:ETWO) Announces Earnings Results, Meets Estimates

E2open Parent (NYSE:ETWO) announced its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02, Fidelity Earnings reports.

ETWO opened at $11.47 on Thursday. The business’s fifty day moving average is $11.46 and its two-hundred day moving average is $11.34. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22. E2open Parent has a one year low of $8.26 and a one year high of $14.58.

Separately, Bank of America began coverage on E2open Parent in a report on Thursday, September 30th. They set a “neutral” rating and a $14.00 price objective on the stock.

In other news, major shareholder Elliott Investment Management sold 298,867 shares of the company’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $12.21, for a total value of $3,649,166.07. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Chinh Chu acquired 28,302 shares of E2open Parent stock in a transaction dated Wednesday, September 1st. The stock was bought at an average price of $10.60 per share, for a total transaction of $300,001.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 1,670,148 shares of company stock worth $19,553,674. 7.06% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. purchased a new position in E2open Parent during the second quarter worth about $203,000. Bank of America Corp DE lifted its position in E2open Parent by 91.9% during the second quarter. Bank of America Corp DE now owns 23,123 shares of the company’s stock worth $264,000 after buying an additional 11,073 shares during the period. Finally, Morgan Stanley lifted its position in E2open Parent by 59.0% during the second quarter. Morgan Stanley now owns 3,510,041 shares of the company’s stock worth $40,085,000 after buying an additional 1,302,390 shares during the period. Hedge funds and other institutional investors own 95.88% of the company’s stock.

E2open Parent Company Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.

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