Starboard acquires stake worth $800 million in GoDaddy
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GoDaddy (GDDY) Activist Adds Another Positive - Truist
December 27, 2021 2:14 PM ESTTruist Securities analyst Naved Khan reiterated a Buy rating and $112.00 price target on GoDaddy Inc (NYSE: GDDY) after activist Starboard Value disclosed a 6.5% stake.
Khan said the activist involvement adds another positive to the story.
For an analyst ratings summary... More
Starboard Value LP Confirms New 6.5% Stake in GoDaddy (GDDY)
December 27, 2021 8:34 AM ESTIn a 13D filing on GoDaddy (NYSE: GDDY), hedge fund Starboard Value LP disclosed a 6.5%, or 10,853,899 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending September 30, 2021.
From the Filing:
The Reporting Persons purchased the Shares based on the Reporting Persons belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the... More
