Reported 2 days ago
GoDaddy Inc. (GDDY) is identified as one of the top activist targets by investor Jeff Smith, who has significantly affected shareholder value through his hedge fund, Starboard Value LP. Since initiating a stake in GoDaddy worth $800 million in December 2021, the company's stock has surged 145.24%, far exceeding the S&P 500's 15.74% return during the same period. Starboard is pushing for strategic changes at GoDaddy with goals for substantial growth and profitability by fiscal 2025, amidst an overall competitive landscape for activist fund performance.
Source: YAHOO