E2open Parent Holdings Inc. [ETWO] stock for 78,573 USD was sold by Farlekas Michael


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. E2open Parent Holdings Inc. shares valued at $78,573 were sold by Farlekas Michael on Mar 06. At $6.04 per share, Farlekas Michael sold 13,000 shares. The insider’s holdings dropped to 230,478 shares worth approximately $1.24 million following the completion of this transaction.

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Also, Farlekas Michael sold 13,000 shares, netting a total of over 85,123 in proceeds. Following the sale of shares at $6.55 each, the insider now holds 243,478 shares.

Before that, Hantman Peter had sold 60,586 shares from its account. In a trade valued at $424,799, the Chief Operating Officer traded E2open Parent Holdings Inc. shares for $7.01 each. Upon closing the transaction, the insider’s holdings decreased to 60,586 shares, worth approximately $0.9 million.

As published in their initiating research note from Redburn on December 16, 2022, E2open Parent Holdings Inc. [ETWO] has been a Buy. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in late October. As of September 23, 2022, Credit Suisse has initiated its “an Underperform” rating for ETWO. Earlier on April 21, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for ETWO stock which previously was a “a Neutral”.

Analyzing ETWO Stock Performance

On Wednesday, E2open Parent Holdings Inc. [NYSE: ETWO] plunged -2.88% to $5.39. The stock’s lowest price that day was $5.30, but it reached a high of $5.455 in the same session. During the last five days, there has been a drop of approximately -2.53%. Over the course of the year, E2open Parent Holdings Inc. shares have dropped approximately -8.18%. Shares of the company reached a 52-week high of $7.20 on 02/02/23 and a 52-week low of $5.06 on 03/13/23. A 50-day SMA is recorded $6.16, while a 200-day SMA reached $6.51. Nevertheless, trading volume fell to 1.6 million shares from 2.04 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 5.31, which, if violated, would cause prices to drop to 5.23. In the upper region, resistance lies at 5.46. The next price resistance is at 5.54. RSI (Relative Strength Index) is 35.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 73.06%, 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 Jan 12, 2023 jumping by 1.04 million shares to 15.7 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 14.66 million shares. A jump of 6.62% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 10.99 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.99.

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

According to Neuberger Berman Investment Advis filings, the company currently owns 31,175,543 shares, which is about 10.31% of the total ETWO shares outstanding. The investor’s shares have plunged by -168,942 from its previous 13-F filing of 31344485.0 shares. The WindAcre Partnership LLC acquire a 4.18% interest valued at $178.52 million while The Vanguard Group, Inc. purchased a 537,256 stake. A total of 1,167,857 shares of E2open Parent Holdings Inc. were bought by Elliott Investment Management LP during the quarter, and 2,264,279 were bought by Eminence Capital LP. In its current portfolio, Morgan Stanley & Co. LLC holds 16,098,327 shares valued at $99.81 million.

In terms of E2open Parent Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $7.33 in the next 12 months, up nearly 26.13% from the previous closing price of $5.55. Analysts anticipate E2open Parent Holdings Inc. stock to reach $9.50 by 2023, with the lowest price target being $5.50. In spite of this, 7 analysts ranked E2open Parent Holdings Inc. stock as an Overweight at the end of 2023. On March 23, 2022, Colliers Securities assigned a price target of “a Buy” to the stock and upgraded coverage with a $13.


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