E2open Parent Holdings, Inc. (NYSE:ETWO) CEO Sells $72,670.00 in Stock

E2open Parent Holdings, Inc. (NYSE:ETWOGet Rating) CEO Michael Farlekas sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $5.59, for a total value of $72,670.00. Following the sale, the chief executive officer now owns 282,478 shares in the company, valued at $1,579,052.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

E2open Parent Stock Up 4.5 %

ETWO stock opened at $5.84 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.77 and a current ratio of 0.77. The business has a 50 day moving average price of $5.89 and a two-hundred day moving average price of $6.92. E2open Parent Holdings, Inc. has a twelve month low of $4.89 and a twelve month high of $12.55.

E2open Parent (NYSE:ETWOGet Rating) last released its quarterly earnings data on Tuesday, October 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $160.68 million during the quarter. E2open Parent had a negative net margin of 63.61% and a positive return on equity of 2.29%. On average, sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On E2open Parent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new position in E2open Parent in the 1st quarter valued at $28,000. Quantbot Technologies LP acquired a new position in E2open Parent in the 2nd quarter valued at $35,000. Point72 Hong Kong Ltd acquired a new position in E2open Parent in the 1st quarter valued at $61,000. Highland Capital Management LLC acquired a new position in E2open Parent in the 3rd quarter valued at $76,000. Finally, Wolverine Asset Management LLC raised its holdings in E2open Parent by 99.3% in the 1st quarter. Wolverine Asset Management LLC now owns 8,907 shares of the company’s stock valued at $78,000 after acquiring an additional 4,437 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on ETWO shares. Credit Suisse Group started coverage on E2open Parent in a research report on Friday, September 23rd. They issued an “underperform” rating on the stock. Craig Hallum cut their price target on E2open Parent to $10.50 in a research note on Thursday, October 13th. Finally, The Goldman Sachs Group started coverage on E2open Parent in a research note on Friday, October 21st. They issued a “neutral” rating and a $5.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, E2open Parent currently has a consensus rating of “Hold” and a consensus target price of $10.25.

E2open Parent Company Profile

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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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