Bank of Montreal Can Lowers Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Bank of Montreal Can trimmed its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,541,452 shares of the company’s stock after selling 465,165 shares during the quarter. Bank of Montreal Can owned approximately 1.91% of E2open Parent worth $28,455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in E2open Parent by 12.9% in the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock worth $110,001,000 after purchasing an additional 2,823,090 shares during the period. Lazard Asset Management LLC bought a new position in shares of E2open Parent in the 1st quarter worth about $103,000. Price T Rowe Associates Inc. MD lifted its position in E2open Parent by 17.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock valued at $217,000 after acquiring an additional 7,399 shares during the period. California State Teachers Retirement System boosted its stake in E2open Parent by 3.5% during the first quarter. California State Teachers Retirement System now owns 168,604 shares of the company’s stock worth $749,000 after acquiring an additional 5,640 shares in the last quarter. Finally, Crescent Grove Advisors LLC purchased a new stake in E2open Parent in the second quarter worth about $1,081,000.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their price target on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Friday, October 11th.

E2open Parent Price Performance

ETWO opened at $3.05 on Friday. The firm has a market cap of $1.05 billion, a PE ratio of -1.18, a P/E/G ratio of 1.20 and a beta of 0.98. The stock has a 50-day moving average price of $3.41 and a 200-day moving average price of $4.11. E2open Parent Holdings, Inc. has a 1 year low of $2.89 and a 1 year high of $5.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03.

E2open Parent (NYSE:ETWO) last issued its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. Sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

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.