C&C agrees deal with Engine Capital on board nominees https://t.co/Ukt4Izyd1f
Starboard urges Autodesk board to explore CEO change, cost cuts https://t.co/A0USfkXmuA https://t.co/YGO6ZIONrr
Starboard presentation to ADSK board highlights their plan to unlock value and drive better operating performance and financial discipline (guiding / comp / cap alloc.). Ultimately they think $ADSK can get to $3.4B EBITDA in CY26 ($50B EV so <15x. Comps trade 20-25x).


Activist investor Starboard Value is urging Autodesk's board to consider a change in leadership, specifically questioning whether CEO Andrew Agagnost should continue in his role. Starboard is also advocating for cost-cutting measures and has presented a plan to improve Autodesk's operating performance and financial discipline. The investor believes that Autodesk can achieve $3.4 billion in EBITDA by the calendar year 2026, with an enterprise value of $50 billion, which is less than 15 times EBITDA. Starboard's push has resulted in a pre-market increase of 1.4% in Autodesk's stock price.