10 Stocks Targeted by Activist Investors Right Now

8. Starboard Value LP at the Alight, Inc. (NYSE:ALIT)

Market Cap: $4.04 Billion

Starboard Value Equity Stake: $392.1 Million

Alight, Inc. (NYSE:ALIT), a cloud-based integrated ad digital human capital company, has been a big disappointment in 2024. The stock is already down by 12%. Likewise, activist hedge fund Starboard Value LP believes it is time to push for aggressive changes to reinvigorate the services company’s fortunes and prospects.

Having launched an activist campaign in the company early in the year, the hedge fund has already nominated three independent directors to the board of Alight, Inc. (NYSE:ALIT). The activist investor has already questioned the current CEO, Stephan Scholl, a talented technologist and software expert who is not experienced in matters of benefit to the service company.