TLDR
- On February 24, ARK Invest offloaded 1,115,771 PagerDuty shares valued at approximately $7 million, extending a multi-week selling streak
- Throughout February, ARK has liquidated roughly half of its PagerDuty position following disappointing Q3 earnings and a 58% stock decline
- The investment firm acquired 15,519 Symbotic shares and 12,546 Kodiak AI shares, expanding existing stakes
- ARK also reduced positions in DraftKings and Pinterest, selling 17,799 and 2,300 shares respectively
- Wall Street analysts maintain a Moderate Buy consensus on PagerDuty with a $14.57 average target price, suggesting 128% potential upside
Cathie Wood’s investment management firm ARK Invest executed multiple strategic trades on Tuesday, February 24, 2026, according to the company’s daily ETF transaction reports.
The most significant transaction involved divesting 1,115,771 shares of PagerDuty Inc (NYSE: PD), representing roughly $7.13 million in value. One of ARK’s exchange-traded funds conducted the sale.
This transaction represents part of a broader divestment strategy. ARK has continuously reduced its PagerDuty exposure across multiple consecutive trading days.
Throughout February, the firm has dumped approximately half of its entire PagerDuty stake. This systematic reduction signals declining conviction in the company’s prospects.
The sell-off commenced following PagerDuty’s disappointing Q3 earnings report on November 25, 2025, which included reduced forward guidance. Multiple Wall Street analysts subsequently downgraded their ratings and lowered price projections.
Since that earnings announcement, PD shares have plummeted nearly 58%. ARK capitalized on a modest 2.2% uptick in the stock on February 24 to continue trimming its exposure.
ARK Adds to Symbotic and Kodiak AI
Regarding purchases, ARK Invest acquired 15,519 shares of Symbotic Inc (NASDAQ: SYM) via its ARKQ ETF, representing $843,457 in value. Symbotic specializes in warehouse automation and robotics technology.
This acquisition continues a methodical accumulation strategy. ARK has consistently increased its Symbotic holdings through recent trading sessions.
Additionally, ARK purchased 12,546 shares of Kodiak AI Inc (NASDAQ: KDK), a software technology company, also via the ARKQ ETF. This transaction totaled $101,246.
Both acquisitions align with ARK’s investment philosophy centered on disruptive innovation. The fund has shown persistent interest in Kodiak AI throughout recent weeks.
Other Stocks Trimmed
ARK divested 17,799 shares of DraftKings Inc (NASDAQ: DKNG) via the ARKK ETF, representing $388,196 in total value. This continues a multi-session pattern of reducing DraftKings exposure.
The firm also liquidated 2,300 shares of Pinterest Inc (NYSE: PINS) through the ARKW ETF, worth $38,387. Pinterest has experienced declining allocation from ARK over several recent sessions.
Notwithstanding ARK’s persistent selling activity, Wall Street analysts haven’t entirely soured on PagerDuty. According to TipRanks, PD maintains a Moderate Buy consensus rating derived from four Buy recommendations, four Hold ratings, and one Sell rating.
Analysts’ average price target for PagerDuty stands at $14.57. This projection implies potential appreciation of 128% from current trading levels.
Symbotic shares climbed 3.59% during the trading session when ARK expanded its position, whereas Kodiak AI declined 2.11% that same day.
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