Rosenblatt Reiterates Buy Rating on Autodesk (ADSK)

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Starboard Reiterates Call for Significant Change at Autodesk Following Reports of Senior Executives Intentionally Misleading Shareholders

August 22, 2024 9:00 AM EDT

NEW YORK--(BUSINESS WIRE)-- Starboard Value LP (together with its affiliates, Starboard or we), a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (Autodesk or the Company), today released a statement regarding recent reports of uncovered internal documents which allegedly show Autodesk executives ignored employees warnings about controversial sales tactics and intentionally deceived shareholders.

As we have stated in prior communications to our fellow shareholders and Autodesks Board, there is an urgent need for significant change at the Company due to its meaningful share price underperformance, poor financial results, and troubling disclosure and governance... More