PagerDuty stock sale leads cathie wood trades shift toward Symbotic and Kodiak AI

In a fresh batch of cathie wood trades, ARK Invest sharply cut its PagerDuty exposure while adding to positions in Symbotic and Kodiak AI across its ETFs.

Major PagerDuty stock sale marks continued exit

On Tuesday, February 24, 2026, ARK Invest disclosed a large sale of PagerDuty shares in its daily ETF update. The firm offloaded 1,115,771 shares of PagerDuty Inc (NYSE: PD), worth approximately $7.13 million, through one of its actively managed ETFs.

This transaction followed weeks of steady selling. ARK has been reducing its PagerDuty stake across several recent trading sessions, signaling a clear repositioning within its portfolio.

In February alone, ARK has sold around 50% of its total PagerDuty holdings. Moreover, that scale of divestment highlights a sharp drop in conviction on the name compared with earlier months.

The selling pressure started after PagerDuty released weak Q3 results on November 25, 2025, accompanied by a guidance cut. Following that report, several analysts downgraded the stock and reduced their price targets, which added to downward momentum.

Since those quarterly results, PD shares have fallen nearly 58%. However, the stock climbed 2.2% on February 24, and ARK appeared to use that brief rebound as an opportunity to unload more of its position.

ARK shifts capital into Symbotic and Kodiak AI

While trimming PagerDuty, ARK simultaneously added to two growth names within its innovation universe. Through the ARKQ ETF, the firm purchased 15,519 shares of Symbotic Inc (NASDAQ: SYM), a robotics and warehouse automation specialist, for a disclosed value of $843,457.

This latest move continues a pattern of gradual Symbotic accumulation. Moreover, ARK has been steadily building its Symbotic position over recent trading sessions, suggesting growing confidence in the company’s automation technology.

ARKQ also increased its exposure to Kodiak AI Inc (NASDAQ: KDK), a software player, buying 12,546 shares for around $101,246. Both allocations align with ARK’s focus on disruptive technology platforms that can scale over long time horizons.

The emphasis on such innovation names mirrors broader cathie wood trades that seek high-growth potential rather than near-term earnings visibility. That said, the renewed interest in Kodiak AI comes after several weeks in which the fund has consistently added to the stock.

Price action surrounding the trades was mixed. Symbotic shares rose 3.59% on the day ARK expanded its stake, while Kodiak AI declined 2.11% over the same session.

DraftKings and Pinterest positions trimmed further

Beyond PagerDuty, ARK also lightened exposure to other consumer and internet names. Through the ARKK ETF, the firm sold 17,799 shares of DraftKings Inc (NASDAQ: DKNG), generating proceeds of $388,196. This move extended a series of recent DraftKings reductions.

In addition, ARK cut its stake in Pinterest Inc (NYSE: PINS) via the ARKW ETF, selling 2,300 shares for a total of $38,387. Pinterest has seen its weight within ARK’s funds decline over several recent trading sessions as the manager reallocates capital.

These adjustments underscore how cathie wood trades today often involve rotating out of more mature growth stories and into earlier-stage innovation themes. However, the overall shifts remain incremental compared with the more dramatic repositioning underway in PagerDuty.

Analysts maintain upside view on PagerDuty

Despite ARK’s sustained selling, Wall Street is not uniformly negative on PagerDuty’s prospects. On TipRanks, PD carries a Moderate Buy consensus rating, compiled from four Buy recommendations, four Hold calls, and one Sell rating.

The average analyst price target for PagerDuty stands at $14.57, implying a potential upside of 128% from current trading levels. Moreover, that projected gain suggests some analysts see the stock’s post-earnings slump as overdone, even as ARK reallocates capital elsewhere.

Overall, the latest ark invest etf trades reveal a decisive pullback from PagerDuty coupled with incremental bets on Symbotic and Kodiak AI. That combination highlights ARK’s ongoing strategy of concentrating exposure in what it views as the most disruptive technology leaders across its ETF lineup.