E2open Parent (NYSE:ETWO) Announces Quarterly Earnings Results

E2open Parent (NYSE:ETWO) announced its earnings results on Tuesday. The company reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02, Fidelity Earnings reports.

Shares of ETWO opened at $11.47 on Thursday. E2open Parent has a 12 month low of $8.26 and a 12 month high of $14.58. The firm’s 50 day moving average is $11.46 and its 200-day moving average is $11.34. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.22.

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

In other news, Director Chinh Chu acquired 28,302 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The shares were acquired at an average cost of $10.60 per share, with a total value of $300,001.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Elliott Investment Management sold 407,909 shares of E2open Parent stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $12.20, for a total transaction of $4,976,489.80. The disclosure for this sale can be found here. Insiders sold 1,670,148 shares of company stock worth $19,553,674 over the last three months. 7.06% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ETWO. Morgan Stanley grew its stake in shares of 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 last quarter. Invesco Ltd. bought a new stake in shares of E2open Parent during the second quarter worth $203,000. Finally, Bank of America Corp DE grew its stake in shares of 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 last quarter. 95.88% of the stock is currently owned by hedge funds and other institutional investors.

About E2open Parent

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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