Fintel reports that Elliott Investment Management has filed a 13G/A form with the SEC disclosing ownership of 19.17MM shares of E2open Parent Holdings Inc (ETWO). This represents 6.4% of the company.

In their previous filing dated February 14, 2022 they reported 15.70MM shares and 5.20% of the company, an increase in shares of 22.11% and an increase in total ownership of 1.20% (calculated as current - previous percent ownership).

Analyst Price Forecast Suggests 14.72% Upside

As of February 13, 2023, the average one-year price target for E2open Parent Holdings is $7.48. The forecasts range from a low of $5.56 to a high of $9.98. The average price target represents an increase of 14.72% from its latest reported closing price of $6.52.

The projected annual revenue for E2open Parent Holdings is $683MM, an increase of 8.37%. The projected annual EPS is $0.27.

What is the Fund Sentiment?

There are 297 funds or institutions reporting positions in E2open Parent Holdings. This is a decrease of 6 owner(s) or 1.98% in the last quarter. Average portfolio weight of all funds dedicated to ETWO is 0.36%, a decrease of 16.39%. Total shares owned by institutions decreased in the last three months by 0.51% to 340,302K shares. The put/call ratio of ETWO is 2.52, indicating a bearish outlook.

What are large shareholders doing?

Insight Holdings Group holds 49,831K shares representing 16.49% ownership of the company. No change in the last quarter.

Francisco Partners Management holds 38,689K shares representing 12.80% ownership of the company. No change in the last quarter.

Neuberger Berman Group holds 31,176K shares representing 10.31% ownership of the company. In it's prior filing, the firm reported owning 31,344K shares, representing a decrease of 0.54%. The firm decreased its portfolio allocation in ETWO by 99.95% over the last quarter.

Temasek Holdings holds 29,248K shares representing 9.68% ownership of the company. No change in the last quarter.

Windacre Partnership holds 27,639K shares representing 9.14% ownership of the company. In it's prior filing, the firm reported owning 26,199K shares, representing an increase of 5.21%. The firm decreased its portfolio allocation in ETWO by 34.33% over the last quarter.

E2open Parent Holdings Background Information
(This description is provided by the company.)

E2open Parent Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, develops intelligent supply chain software solutions. E2open Parent Holdings serves customers in the United States.