Starboard Value

CarMax Inc (NYSE:KMX) could highlight its turnaround plans under a new CEO, alongside an activist investor push when the company reports fourth-quarter (Q4) financial results Tuesday before market open. Here are the earnings estimates, analyst ratings and key items to watch. Q4 Earnings Estimates...

BILL Holdings Inc (NYSE:BILL) is having the kind of year stocks don't come back from — at least according to Wall Street. Down more than 40% YTD, sentiment shot and analysts convinced that the SaaS boom-era story is finished. But while the market walked away, three billionaire hedge fund titans —...

Less than a week after Starboard Value reported a stake in Bill Holdings Inc (NYSE:BILL), a new report links activist hedge fund Elliott Management to taking a stake in the payments company. BILL shares are climbing after hours. See if it is worth your attention here. What Happened: Less than a...

BILL Holdings Inc (NYSE:BILL) shares are rising in extended trading on Thursday following a report suggesting activist investor Starboard Value has built an 8% stake in the company. BILL stock is showing strength after hours. Get more details here. What To Know: Starboard Value owns 8% of Bill...

Tripadvisor Inc. (NASDAQ:TRIP) experienced a surge after activist investor Starboard Value acquired a 9% stake in the company. What Happened: According to a Reuters report, Starboard Value, a prominent hedge fund, has secured a stake of over 9% in the travel services company. Tripadvisor’s...

Starboard Value, an activist investor, has reportedly acquired a substantial stake in Kenvue Inc (NYSE:KVUE), the company behind popular consumer products like Tylenol and Listerine. What Happened: Starboard Value is pushing for changes at Kenvue, which was spun off from Johnson & Johnson (NYSE...

Former Pfizer Inc (NYSE:PFE) CEO Ian Read and ex-CFO Frank D’Amelio have decided to distance themselves from the activist campaign led by Starboard Value at the pharmaceutical giant. What Happened: Read and D’Amelio made their decision public on Wednesday. They expressed their full...

Pfizer Inc. (NYSE:PFE) CEO Albert Bourla is set to meet with activist investor Starboard Value amid growing pressure to revitalize the pharmaceutical giant’s struggling share price and refine its strategic focus. The meeting comes as Starboard builds a $1 billion stake in Pfizer, equivalent...

Pfizer Inc. (NYSE:PFE) may have been a hero in the COVID-19 vaccine race, but its stock is stuck in the slow lane. Down nearly 14% over the last year, the pharma giant's shares have struggled as demand for its pandemic-related treatments has fizzled out. But things could get interesting—activist...

Activist investor Starboard Value has invested approximately $1 billion in Pfizer Inc (NYSE:PFE). This strategic move occurs as the pharmaceutical giant grapples with a downturn in demand for its COVID-19 vaccines and treatments. What Happened: Starboard has engaged former Pfizer executives, Ian...

Match Group, Inc. (NASDAQ:MTCH) shares are trading higher Tuesday after activist-investment fund Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation. The Details: Starboard Value sent a letter to Match Group’s CEO, CFO...

The activist hedge fund Starboard Value which was founded in 2002 by Jeffrey Smith and Mark Mitchell with Smith serving as CEO has acquired a substantial stake in Match Group Inc (NASDAQ:MTCH), the parent company of Tinder. The fund is urging Match Group to enhance its margins or consider a sale if...

Editor's Note: The story has been updated with a response from Autodesk spokesperson on the report. Activist investor Starboard Value has reportedly acquired a significant stake in Autodesk Inc (NASDAQ:ADSK) and is advocating for changes within the company. Autodesk’s architecture,...

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was...

A consortium backed by activist hedge fund Starboard Value LP is offering about $9 billion for retailer Kohl's Corporation (NYSE: KSS), according to a Wall Street Journal report.  People familiar with the developments tell WSJ that Acacia Research Corp (NASDAQ: ACTG) has led...