SCHEDULE: ARK Investment Management and Cathie Wood Disclose 9.33% Stake in PagerDuty

ARK Investment Management LLC and Catherine D. Wood have jointly filed an Amendment No. 8 to Schedule 13G, reporting a combined beneficial ownership of 9.33% in PagerDuty, Inc.

Summary

• ARK Investment Management LLC and Catherine D. Wood have filed an Amendment No. 8 to their Schedule 13G, disclosing their beneficial ownership in PagerDuty, Inc. Common Stock.
• As of June 30, 2025, the aggregate amount beneficially owned by ARK Investment Management LLC and Catherine D. Wood is 8,602,635 shares.
• This ownership represents 9.33% of PagerDuty, Inc.'s Common Stock class.
• ARK Investment Management LLC holds sole voting power over 8,026,496 shares and sole dispositive power over 8,602,635 shares.
• Catherine D. Wood holds shared voting power over 8,218,361 shares and shared dispositive power over 8,602,635 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of PagerDuty, Inc.
• ARK Innovation ETF, a series of a Delaware statutory trust, is the only client of ARK Investment Management LLC known to have an interest in these securities exceeding 5 percent.

Sentiment

Score: 8

Explanation: The filing indicates a substantial and continued investment by a high-profile firm, ARK Investment Management, and its leader, Catherine D. Wood, in PagerDuty, Inc., which is generally perceived as a strong positive signal of confidence in the company's long-term value and strategic direction.

Positives

• The disclosure of a significant 9.33% stake by a prominent investment firm like ARK Investment Management and its CEO, Catherine D. Wood, signals a strong vote of confidence in PagerDuty, Inc.'s future prospects and valuation.

Future Outlook

NA

Industry Context

This filing reflects a significant investment position by a major institutional investor known for its focus on disruptive innovation, indicating a belief in PagerDuty's role and growth potential within the software and IT operations management industry.

Stakeholder Impact

• Shareholders may view the significant stake held by ARK Investment Management and Catherine D. Wood as a positive endorsement of PagerDuty's value proposition and future growth, potentially influencing investor sentiment and share price.
• The disclosure clarifies that the beneficial ownership is primarily held through ARK Innovation ETF, providing transparency to investors in that fund.

Key Dates

Recommendation

The filing primarily discloses a significant ownership stake by a prominent investment firm, ARK Investment Management, and Catherine D. Wood. While this signals strong confidence in PagerDuty's long-term prospects, the filing itself does not provide new operational or financial data to warrant an immediate 'buy' or 'sell' recommendation. A seasoned investor would likely 'hold' based on this information, interpreting the large stake as a positive indicator of institutional belief in the company's value, but would seek further fundamental analysis for a more definitive action.

Keywords

PagerDuty, ARK Investment Management, Catherine D. Wood, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Institutional Investor