Cathie Wood Dumps PagerDuty, Adds to Symbotic Stake

FomoAnxiety · 2026-02-25T04:21:08+00:00

Cathie Wood's ARK Invest made significant trades on February 24, selling over 1.1 million shares of PagerDuty and trimming stakes in DraftKings and Pinterest, while acquiring shares in Symbotic and Kodiak AI, reflecting a shift towards disruptive technologies.

FomoAnxiety

2026-02-25 04:21:08

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Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made notable portfolio changes on Tuesday, February 24, as shown in daily fund disclosures. The largest trade of the day was the sale of 1,115,771 shares of PagerDuty PD +2.24% ▲ for $7.13 million. Other sell trades included trimming exposure to DraftKings (DKNG) and Pinterest PINS +1.56% ▲ stock, selling 17,799 and 2,300 shares, respectively.

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On the other hand, Wood bought 15,519 shares of robotics warehouse automation company Symbotic SYM +3.59% ▲ and 12,546 shares of software firm Kodiak AI KDK -2.11% ▼ , aligning with her steady accumulation of these disruptive technology companies.

Is PagerDuty Stock a Buy?

Wood has been consistently reducing ARK’s stake in the cloud-computing firm, after its weak Q3 results and guidance cut. This was followed by a series of analyst downgrades and price target cuts on the stock. Since its Q3 results on November 25, 2025, PD stock has plunged nearly 58%.

Wood appeared to capitalize on the 2.2% gain in PagerDuty stock yesterday. In February alone, ARK Invest has sold about 50% of its total holdings in PagerDuty stock, showing reduced interest in the firm’s long-term prospects.

Analysts remain divided on PagerDuty’s long-term prospects. On TipRanks, PD has a Moderate Buy consensus rating based on four Buys, four Holds, and one Sell rating. The average PagerDuty price target of $14.57 implies 128% upside potential from current levels.

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