Insider Selling: E2open Parent Holdings, Inc. (NYSE:ETWO) CEO Sells 13,000 Shares of Stock
Last Tuesday, E2open Parent Holdings, Inc.'s CEO Michael Farlekas sold 13,000 shares of E2open Parent stock. These shares were sold at $4.83 each, with the transaction amounting to a total value of $62,790.00. As a result of the sale, the CEO's direct ownership of the company's stock decreased to 214,474 shares, with a value of $1,035,909.42. The disclosure of this transaction can be found in a legal filing provided by the SEC, accessible through this link.
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In addition, Michael Farlekas has also executed the subsequent transaction(s):
E2open's Parent Company Sees 1.0% Stock Increase
The stocks for ETWO went up by $0.04 on Friday, reaching a value of $4.77. The company's stock saw 605,469 trades, which is less than its usual amount of trades at 1,554,365. The 50-day moving average price for ETWO is $5.01 and the two-hundred day moving average price is $5.32. The market capitalization for the stock is $1.44 billion. It also has a price-to-earnings ratio of -1.48, a PEG ratio of 1.79 and a beta of 0.67. ETWO has a 52-week low of $3.92 and a 52-week high of $7.22. The company's quick ratio and current ratio are both at 0.94 and the debt-to-equity ratio is 0.44.
E2open Parent, a company traded on the NYSE (ETWO), released its quarterly earnings report on July 10th. Their earnings per share for the quarter were $0.05, which exceeded analysts' expectations by $0.01. Additionally, the company had a positive return on equity of 2.82%, but a negative net margin of 147.67%. The quarter generated $160.12 million in revenue, slightly lower than the previous year, during which they earned $0.07 EPS. Equities research analysts anticipate that E2open Parent Holdings, Inc. will post 0.21 EPS for the current year.
Investors' Take On E2open Parent Company
Several institutional investors and hedge funds have made changes to their investments in ETWO. During the second quarter, the State of Wyoming purchased a new share in E2open Parent valued at around $25,000 while Quantbot Technologies LP invested approximately $35,000. In the first quarter, Nisa Investment Advisors LLC increased its stake by 91.3%, owning 5,533 shares worth $32,000 after acquiring an additional 2,640 shares. Cubist Systematic Strategies LLC also raised its stake by 513.9%, owning 5,863 shares worth $34,000 after purchasing 4,908 shares in the last quarter. Lastly, Point72 Hong Kong Ltd made a new investment in E2open Parent during the first quarter, valued at about $61,000.
Experts Analyze Wall Street
Recently, a few experts who study stocks have shared their thoughts on ETWO shares. Loop Capital decreased their opinion of E2open Parent from "buy" to "hold" and also lowered the amount they think the stock is worth from $7.00 to $5.00, when they wrote about it on Thursday, June 8th. Bank of America raised their price estimation from $5.00 to $6.00 in a report on Tuesday, July 11th. Lastly, Craig Hallum increased their price projection from $4.50 to $5.00 on Tuesday, July 11th. One analyst has a negative opinion of the stock, while four analysts have a neutral opinion and one thinks it is worth buying. According to MarketBeat, most experts believe E2open Parent is a "Hold" and it should be sold when the price is around $5.50.
Company Check out our most recent inventory update on E2open's parent corporation.
About E2open's Parent Company
E2open Parent Holdings, Inc offers a SaaS (software as a service) platform that manages supply chains from start to finish through the use of cloud technology. This platform is utilized by businesses in various regions, including the Americas, Europe, and the Asia Pacific, and has proven to be effective in generating returns for top-tier clients. The software seamlessly integrates networks, data, and applications, enabling customers to refine their supply chain processes across areas such as demand sensing, global trade management, and transport and logistics. With its all-encompassing approach to supply chain management, E2open Parent Holdings, Inc. continues to be an essential player in the industry.
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