Starboard Value urges GoDaddy to outline free cash flow and margin improvement plans.

Activist investor Starboard Value has called on GoDaddy to provide more specific guidance for free cash flow expansion and margin improvements. Starboard, which holds over a 6% stake in GoDaddy, has been promoting the company's growth since first investing in 2021 and sending its first letter to management in 2023. Starboard's Peter Feld stated that GoDaddy's multiple is still below its peer group and could be improved with realistic growth targets.

January 31, 2024
4 Articles