TLDR
- On February 24, ARK Invest divested 1,115,771 PagerDuty shares valued at approximately $7 million, extending a multi-week selloff
- February trading saw ARK reduce its PagerDuty stake by roughly 50% following disappointing Q3 earnings and a 58% share price decline
- The firm acquired 15,519 Symbotic shares and 12,546 Kodiak AI shares, expanding current holdings
- Additional sales included 17,799 DraftKings shares and 2,300 Pinterest shares
- Wall Street analysts maintain a Moderate Buy stance on PagerDuty with a $14.57 average target price, suggesting 128% potential gains
Cathie Wood’s investment firm ARK Invest executed several notable portfolio adjustments on Tuesday, February 24, 2026, according to the company’s daily ETF transaction reports.
The most substantial transaction involved dumping 1,115,771 shares of PagerDuty Inc (NYSE: PD), representing roughly $7.13 million in market value. The divestment occurred through one of ARK’s exchange-traded funds.
This transaction represents part of a broader pattern. The investment firm has been steadily reducing its PagerDuty exposure across multiple consecutive trading days.
Throughout February, ARK has liquidated approximately half of its entire PagerDuty position. This sustained selling pressure signals diminishing conviction in the company’s prospects.
The exodus started following PagerDuty’s underwhelming Q3 earnings report on November 25, 2025, accompanied by reduced forward guidance. Multiple Wall Street firms subsequently lowered their ratings and price objectives.
Following that earnings release, PD shares have plummeted nearly 58%. ARK capitalized on a modest 2.2% uptick in the stock price on February 24 to liquidate additional shares.
ARK Adds to Symbotic and Kodiak AI
On the acquisition front, ARK Invest snapped up 15,519 shares of Symbotic Inc (NASDAQ: SYM) via its ARKQ ETF, representing $843,457 in value. Symbotic specializes in robotics and automated warehouse solutions.
This transaction continues an ongoing trend of progressive accumulation. ARK has been methodically expanding its Symbotic holdings throughout recent trading periods.
Additionally, ARK acquired 12,546 shares of Kodiak AI Inc (NASDAQ: KDK), a software enterprise, also through the ARKQ ETF. This purchase totaled $101,246.
Both acquisitions align with ARK’s strategic emphasis on transformative technology enterprises. Kodiak AI has maintained ARK’s attention across multiple recent weeks.
Other Stocks Trimmed
ARK liquidated 17,799 shares of DraftKings Inc (NASDAQ: DKNG) via the ARKK ETF, worth $388,196. This continues a pattern of consecutive DraftKings reductions by the investment firm.
The firm also divested 2,300 shares of Pinterest Inc (NYSE: PINS) through the ARKW ETF, valued at $38,387. Pinterest has experienced declining allocation from ARK over numerous recent trading days.
Notwithstanding ARK’s persistent selling activity, Wall Street analysts haven’t universally abandoned PagerDuty. According to TipRanks, PD maintains a Moderate Buy consensus rating derived from four Buy recommendations, four Hold ratings, and one Sell rating.
The consensus analyst price objective for PagerDuty stands at $14.57. This target implies a substantial potential upside of 128% from present trading levels.
Symbotic shares climbed 3.59% during the session when ARK expanded its stake, whereas Kodiak AI declined 2.11% on the identical trading day.
