E2open Parent Holdings Inc. [ETWO] Chief Operating Officer makes an insider sale of 25,000 shares worth 175,628.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. E2open Parent Holdings Inc. shares valued at $175,628 were sold by Hantman Peter on Sep 09. At $7.03 per share, Hantman Peter sold 25,000 shares. The insider’s holdings dropped to 91,195 shares worth approximately $0.58 million following the completion of this transaction.


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Also, Hantman Peter sold 21,578 shares, netting a total of over 152,349 in proceeds. Following the sale of shares at $7.06 each, the insider now holds 116,195 shares.

Before that, Hantman Peter had sold 3,422 shares from its account. In a trade valued at $23,956, the Chief Operating Officer traded E2open Parent Holdings Inc. shares for $7.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,422 shares, worth approximately $0.87 million.

As published in a research note from BofA Securities on April 21, 2022, E2open Parent Holdings Inc. [ETWO] has been rated up from a Neutral to a Buy. Analysts at Colliers Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of January 25, 2022, Craig Hallum has initiated its “Buy” rating for ETWO. Earlier on September 30, 2021, BofA Securities initiated its rating. Their recommendation was “a Neutral” for ETWO stock.

Analyzing ETWO’s Price Performance

On Thursday, E2open Parent Holdings Inc. [NYSE: ETWO] plunged -4.95% to $6.33. The stock’s lowest price that day was $6.25, but it reached a high of $6.675 in the same session. During the last five days, there has been a drop of approximately -10.72%. Over the course of the year, E2open Parent Holdings Inc. shares have dropped approximately -43.78%. Shares of the company reached a 52-week high of $11.56 on 01/04/22 and a 52-week low of $6.07 on 07/14/22. A 50-day SMA is recorded $7.01, while a 200-day SMA reached $8.36. Nevertheless, trading volume fell to 2.57 million shares from 1.26 million shares the previous day.

Support And Resistance Levels for E2open Parent Holdings Inc. (ETWO)

According to the 24-hour chart, there is a support level at 6.16, which, if violated, would cause prices to drop to 5.99. In the upper region, resistance lies at 6.59. The next price resistance is at 6.84. RSI (Relative Strength Index) is 34.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 91.79%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is E2open Parent Holdings Inc. subject to short interest?

Stocks of E2open Parent Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.12 million shares to 15.05 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 14.93 million shares. A jump of 0.8% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.11 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.11.

Which companies own the most shares of E2open Parent Holdings Inc. (ETWO)?

According to Neuberger Berman Investment Advis filings, the company currently owns 31,344,485 shares, which is about 10.38% of the total ETWO shares outstanding. A total of 0 shares of E2open Parent Holdings Inc. were sold by Elliott Investment Management LP during the quarter, and 1,312,536 were bought by Eminence Capital LP. In its current portfolio, BlackRock Fund Advisors holds 12,318,429 shares valued at $84.63 million.

In terms of E2open Parent Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $10.75 in the next 12 months, up nearly 57.66% from the previous closing price of $6.66. Analysts anticipate E2open Parent Holdings Inc. stock to reach $14.00 by 2022, with the lowest price target being $8.00. In spite of this, 4 analysts ranked E2open Parent Holdings Inc. stock as an Overweight at the end of 2022. On April 21, 2021, Loop Capital assigned a price target of “a Buy” to the stock and initiated coverage with a $13.

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