TLDR
- ARK Invest sold 1,115,771 PagerDuty shares worth ~$7 million on February 24, continuing weeks of offloading
- ARK has sold about 50% of its PagerDuty holdings in February alone after weak Q3 results and a 58% stock drop
- ARK bought 15,519 shares of Symbotic and 12,546 shares of Kodiak AI, adding to existing positions
- DraftKings and Pinterest were also trimmed, selling 17,799 and 2,300 shares respectively
- Analysts still give PagerDuty a Moderate Buy rating with an average price target of $14.57, implying 128% upside
Cathie Wood’s ARK Invest made a series of portfolio moves on Tuesday, February 24, 2026, as shown in the firm’s daily ETF disclosures.
The largest trade was the sale of 1,115,771 shares of PagerDuty Inc (NYSE: PD), worth approximately $7.13 million. The shares were sold through one of ARK’s ETFs.
This was not a one-off move. ARK has been selling PagerDuty stock consistently over the past several trading sessions.
In February alone, ARK has sold around 50% of its total PagerDuty holdings. That points to a clear reduction in confidence in the stock.
The selling began after PagerDuty reported weak Q3 results on November 25, 2025, followed by a guidance cut. Several analysts downgraded the stock and cut their price targets shortly after.
Since those results, PD stock has fallen nearly 58%. ARK appeared to use a 2.2% gain in the stock on February 24 as an opportunity to exit more of its position.
ARK Adds to Symbotic and Kodiak AI
On the buying side, ARK Invest purchased 15,519 shares of Symbotic Inc (NASDAQ: SYM) through its ARKQ ETF, valued at $843,457. Symbotic is a robotics and warehouse automation company.
This follows a pattern of gradual accumulation. ARK has been steadily building its Symbotic position over recent sessions.
ARK also bought 12,546 shares of Kodiak AI Inc (NASDAQ: KDK), a software firm, also through the ARKQ ETF. That purchase was valued at $101,246.
Both buys fit ARK’s focus on disruptive technology companies. Kodiak AI has seen continued interest from the fund in recent weeks.
Other Stocks Trimmed
ARK sold 17,799 shares of DraftKings Inc (NASDAQ: DKNG) through the ARKK ETF, totaling $388,196. This follows multiple sessions of DraftKings selling by ARK.
ARK also sold 2,300 shares of Pinterest Inc (NYSE: PINS) through the ARKW ETF, amounting to $38,387. Pinterest has seen reduced exposure from ARK across several recent trading sessions.
Despite ARK’s continued selling, analysts are not all bearish on PagerDuty. On TipRanks, PD holds a Moderate Buy consensus based on four Buy ratings, four Holds, and one Sell.
The average analyst price target for PagerDuty sits at $14.57. That represents a potential upside of 128% from current levels.
Symbotic shares rose 3.59% on the day ARK added to its position, while Kodiak AI fell 2.11% on the same day.
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