E2open Parent (NYSE:ETWO) Sets New 52-Week Low at $6.00

E2open Parent Holdings, Inc. (NYSE:ETWOGet Rating) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.00 and last traded at $6.06, with a volume of 41120 shares changing hands. The stock had previously closed at $6.33.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group began coverage on shares of E2open Parent in a research report on Friday. They set an “underperform” rating for the company.

E2open Parent Stock Down 4.4 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day moving average is $7.02 and its 200 day moving average is $7.77. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -40.40, a price-to-earnings-growth ratio of 1.06 and a beta of 0.53.

E2open Parent (NYSE:ETWOGet Rating) last issued its quarterly earnings results on Monday, July 11th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). E2open Parent had a positive return on equity of 1.75% and a negative net margin of 6.71%. The company had revenue of $160.38 million for the quarter. During the same period last year, the business earned ($0.76) earnings per share. Sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at E2open Parent

In other news, COO Peter Hantman sold 25,000 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $7.93, for a total value of $198,250.00. Following the completion of the sale, the chief operating officer now owns 91,195 shares of the company’s stock, valued at $723,176.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 75,000 shares of company stock valued at $550,295 over the last 90 days. Corporate insiders own 5.98% of the company’s stock.

Institutional Investors Weigh In On E2open Parent

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in E2open Parent by 498.2% during the 4th quarter. Bank of America Corp DE now owns 229,167 shares of the company’s stock valued at $2,580,000 after purchasing an additional 190,860 shares in the last quarter. Principal Financial Group Inc. grew its holdings in E2open Parent by 25.8% during the 4th quarter. Principal Financial Group Inc. now owns 17,239 shares of the company’s stock valued at $194,000 after purchasing an additional 3,539 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in E2open Parent by 141.7% during the 4th quarter. Teacher Retirement System of Texas now owns 29,121 shares of the company’s stock valued at $328,000 after purchasing an additional 17,075 shares in the last quarter. Pictet Asset Management SA acquired a new stake in E2open Parent during the 4th quarter valued at $126,000. Finally, Rhumbline Advisers grew its holdings in E2open Parent by 18.6% during the 4th quarter. Rhumbline Advisers now owns 260,816 shares of the company’s stock valued at $2,937,000 after purchasing an additional 40,840 shares in the last quarter.

About E2open Parent

(Get Rating)

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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