ExodusPoint Capital Management LP Purchases Shares of 408,096 E2open Parent Holdings, Inc. (NYSE:ETWO)

ExodusPoint Capital Management LP purchased a new stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 408,096 shares of the company’s stock, valued at approximately $1,086,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in E2open Parent during the 4th quarter valued at approximately $6,151,000. Vanguard Group Inc. raised its position in shares of E2open Parent by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock worth $72,878,000 after acquiring an additional 408,779 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of E2open Parent in the 4th quarter worth approximately $86,000. American Century Companies Inc. raised 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 acquiring an additional 48,152 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of E2open Parent by 64.9% in the 4th quarter. Intech Investment Management LLC now owns 83,545 shares of the company’s stock worth $222,000 after acquiring an additional 32,891 shares in the last quarter.

E2open Parent Stock Performance

E2open Parent stock opened at $2.01 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $688.19 million, a P/E ratio of -1.35, a PEG ratio of 1.05 and a beta of 1.04. The stock’s 50 day moving average is $2.31 and its 200 day moving average is $2.80. E2open Parent Holdings, Inc. has a twelve month low of $1.75 and a twelve month high of $5.08.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ETWO. 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 report on Monday, December 23rd. Morgan Stanley decreased their target price on 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. Finally, The Goldman Sachs Group decreased their target price on E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a research report 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.