Elliott Investment Management LP has recently announced that it has increased stake in E2open Parent Holdings Inc (NYSE:ETWO) by 44.06%. After grabbing 27.25 million shares, the institutional investor is now in possession of 8.33 million shares of the Technology Company. The new investment brought the stake of investor firm to 8.98% having worth around $99.19 million. Moreover, The Vanguard Group, Inc. increased its share by 0.64 million to have a control over 21.67 million shares. And Morgan Stanley & Co. LLC raised its holdings to 3.42 million shares by acquiring 18.86 million shares or 6.22% of the stake.
E2open Parent Holdings Inc (ETWO) concluded trading on 01/10/24 at a closing price of $4.17, with 3.2 million shares of worth about $13.34 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.72% during that period and on Wednesday the price saw a gain of about 8.59%. Currently the company’s common shares owned by public are about 302.41M shares, out of which, 239.49M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 44 times over the past 12 months. They bought 1,256,656 shares in 19 of the transactions. In 25 selling transactions, insiders dumped 15,740,206 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in E2open Parent Holdings Inc Vanguard Total Stock Market ETF is currently holding 6.16 million shares of worth totaling $22.44 million. The company recently came buying 0.0 shares which brought its stake up to 2.03% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 15647.0 shares, after which its hold over company’s outstanding shares expand to 1.69%, leaving 5.11 million shares with the mutual fund that have a worth of about $18.61 million. iShares Russell 2000 ETF, after buying 4.14 million shares, have now control over 1.37% of the stake in the company. It holds 2037.0 shares of worth $15.09 million.
E2open Parent Holdings Inc (NYSE: ETWO) started trading at $4.40, above $0.56 from concluding price of the previous day. Stock saw a price change of 0.48% in past 5 days and over the past one month there was a price change of 12.70%. Year-to-date (YTD), ETWO shares are showing a performance of -5.01% which decreased to -29.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.15 but also hit the highest price of $7.20 during that period. The average intraday trading volume for E2open Parent Holdings Inc shares is 3.12 million. The stock is currently trading 0.31% above its 20-day simple moving average (SMA20), while that difference is up 13.14% for SMA50 and it goes to -10.03% lower than SMA200.
Elliott Investment Management LP acquired 27.25 million shares of E2open Parent Holdings Inc having value of about $99.19 million. Data submitted at the U.S SEC by Elliott Investment Management LP revealed that the firm now holds 8.33 million shares in the company valued at close to $34755611.43, or have control over 44.06% stake in the company. E2open Parent Holdings Inc (NYSE: ETWO) currently have 302.41M outstanding shares and institutions hold larger chunk of about 84.74% of that. Holding of mutual funds in the company is about 43.35% while other institutional holders and individual stake holders have control over 67.48% and 18.21% of the stake respectively.
The stock has a current market capitalization of $1.28B and its 3Y-monthly beta is at 1.00. It has posted earnings per share of -$4.29 in the same period. It has Quick Ratio of 0.94 while making debt-to-equity ratio of 0.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ETWO, volatility over the week remained 5.83% while standing at 4.47% over the month.
Analysts are in expectations that E2open Parent Holdings Inc (ETWO) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.2 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -31.21% while it is estimated to increase by 8.38% in next year.
Analysts at 5 brokerage firms have issued recommendations for the E2open Parent Holdings Inc (ETWO)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 5 Wall Street analysts, 0 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Redburn Atlantic on October 12, 2023 offering a Neutral rating for the stock and assigned a target price range of between $8.50 and $4 to it.
