Key Takeaways
- On February 24, ARK Invest offloaded 1,115,771 PagerDuty shares valued at approximately $7 million, continuing a multi-week selling trend
- Throughout February, ARK has liquidated roughly 50% of its entire PagerDuty position following disappointing Q3 earnings and a 58% stock decline
- The firm purchased 15,519 Symbotic shares and 12,546 Kodiak AI shares, expanding its exposure to both companies
- ARK also reduced its DraftKings and Pinterest stakes, offloading 17,799 and 2,300 shares respectively
- Despite ARK’s selling pressure, Wall Street analysts maintain a Moderate Buy consensus on PagerDuty with a $14.57 average price target suggesting 128% potential gains
On Tuesday, February 24, 2026, Cathie Wood’s ARK Invest executed multiple trades across its exchange-traded funds, according to the firm’s routine daily transaction disclosures.
The most significant transaction involved dumping 1,115,771 shares of PagerDuty Inc (NYSE: PD), representing approximately $7.13 million in value. The sale was processed through one of ARK’s actively managed ETFs.
This wasn’t an isolated transaction. ARK has been persistently reducing its PagerDuty exposure throughout multiple consecutive trading days.
Throughout February, the investment firm has liquidated approximately 50% of its complete PagerDuty stake. This pattern signals a substantial loss of conviction in the company’s prospects.
The sell-off initiated following PagerDuty’s disappointing Q3 earnings announcement on November 25, 2025, which was accompanied by reduced forward guidance. Multiple Wall Street analysts responded by downgrading their ratings and slashing price targets.
Following that earnings report, PD stock has plummeted nearly 58%. ARK seemingly capitalized on a modest 2.2% uptick in the stock price on February 24 to unload additional shares from its holdings.
ARK Expands Symbotic and Kodiak AI Stakes
On the acquisition front, ARK Invest acquired 15,519 shares of Symbotic Inc (NASDAQ: SYM) via its ARKQ ETF, representing $843,457 in value. Symbotic specializes in robotics and warehouse automation technologies.
This transaction continues a trend of incremental position building. ARK has been methodically increasing its Symbotic holdings across multiple trading sessions.
Additionally, ARK purchased 12,546 shares of Kodiak AI Inc (NASDAQ: KDK), a software company, also via the ARKQ ETF. The transaction totaled $101,246 in value.
Both acquisitions align with ARK’s investment thesis centered on disruptive innovation companies. Kodiak AI has received consistent attention from the fund throughout recent weeks.
Additional Portfolio Reductions
ARK disposed of 17,799 shares of DraftKings Inc (NASDAQ: DKNG) via the ARKK ETF, representing $388,196 in total value. This continues a pattern of successive DraftKings reductions by the firm.
The fund also offloaded 2,300 shares of Pinterest Inc (NYSE: PINS) through the ARKW ETF, valued at $38,387. Pinterest has experienced declining allocation from ARK over several recent trading periods.
While ARK maintains its selling campaign, Wall Street analysts haven’t entirely abandoned PagerDuty. According to TipRanks, PD carries a Moderate Buy consensus rating derived from four Buy recommendations, four Hold ratings, and one Sell rating.
The consensus analyst price target for PagerDuty stands at $14.57. This target implies potential upside of 128% from the stock’s current trading levels.
Symbotic shares climbed 3.59% on the same day ARK expanded its position, whereas Kodiak AI declined 2.11% during the identical session.
