GLAZER CAPITAL, LLC Acquires Significant Stake in E2open Parent Holdings Inc

On May 27, 2025, GLAZER CAPITAL, LLC (Trades, Portfolio) executed a notable transaction by acquiring 22,614,623 shares of E2open Parent Holdings Inc (ETWO, Financial) at a price of $3.20 per share. This acquisition marks a new holding in the firm’s portfolio, reflecting a strategic move into the software sector. The transaction represents 3.58% of the firm’s overall portfolio and 7.27% of its holdings in the traded stock, indicating a significant commitment to this investment.

About GLAZER CAPITAL, LLC (Trades, Portfolio)

GLAZER CAPITAL, LLC (Trades, Portfolio) is a prominent investment firm based in New York, known for its focus on value investing. The firm manages an equity portfolio valued at $1.95 billion, with top holdings in companies such as Air Transport Services Group Inc (ATSG, Financial) and Intra-Cellular Therapies Inc (ITCI, Financial). The firm’s investment philosophy centers on identifying undervalued opportunities across various sectors, including healthcare and financial services. This strategic approach has positioned the firm as a key player in the investment landscape.

Understanding E2open Parent Holdings Inc

E2open Parent Holdings Inc is a USA-based company that provides a cloud-based supply chain management SaaS platform. The company’s software integrates networks, data, and applications to offer a comprehensive platform for optimizing supply chain operations. Operating primarily in the Americas, E2open is categorized under the software industry with a market capitalization of $1 billion. The company’s focus on end-to-end supply chain solutions positions it as a critical player in the software sector.

Financial Metrics and Valuation

Currently, E2open’s stock is priced at $3.23, with a GF Value of $4.31, indicating it is modestly undervalued. The stock has a GF Score of 53/100, suggesting poor future performance potential. Additionally, the company’s balance sheet ranks at 3/10, reflecting financial challenges. Despite these metrics, the modest undervaluation presents a potential opportunity for recovery, aligning with GLAZER CAPITAL, LLC (Trades, Portfolio)’s value investing strategy.

Impact on GLAZER CAPITAL, LLC (Trades, Portfolio)’s Portfolio

The acquisition of E2open shares signifies a strategic interest in the software sector for GLAZER CAPITAL, LLC (Trades, Portfolio). This move, despite the stock’s current financial challenges, highlights the firm’s commitment to identifying value opportunities. The transaction’s impact on the portfolio is notable, with E2open shares constituting 3.58% of the firm’s portfolio and 7.27% of its holdings in the traded stock. This investment reflects the firm’s confidence in E2open’s potential for recovery and growth.

Performance and Growth Indicators

E2open has experienced a year-to-date price change of 20.07%, although its price has declined by 69.24% since its IPO. The company shows a revenue growth of 4.40% over three years but faces challenges with negative EBITDA and earnings growth. The Profitability Rank is 2/10, and the Growth Rank is 0/10, indicating significant hurdles. However, the modest undervaluation and strategic positioning in the supply chain management sector offer potential for future growth.

Conclusion

GLAZER CAPITAL, LLC (Trades, Portfolio)’s investment in E2open Parent Holdings Inc underscores a calculated risk in a modestly undervalued stock with potential for recovery. The firm’s decision aligns with its investment philosophy of identifying value opportunities in diverse sectors, including software and financial services. This strategic move reflects the firm’s confidence in E2open’s ability to overcome current challenges and capitalize on growth opportunities in the supply chain management industry.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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