SCHEDULE: ARK Investment Management Boosts PagerDuty Stake

ARK Investment Management LLC and Catherine D. Wood report a 9.47% beneficial ownership in PagerDuty, Inc. common stock.

Summary

• ARK Investment Management LLC and Catherine D. Wood jointly reported beneficial ownership of 8,827,404 shares of PagerDuty, Inc. Common Stock.
• This aggregate amount represents 9.47% of PagerDuty, Inc.'s outstanding common stock.
• The filing is an Amendment No. 10 to a previous Schedule 13G statement.
• ARK Investment Management LLC holds sole voting power over 8,224,463 shares and sole dispositive power over 8,827,404 shares.
• Catherine D. Wood holds shared voting power over 8,400,123 shares and shared dispositive power over 8,827,404 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• ARK Innovation ETF, a series of a Delaware statutory trust, is identified as a client of ARK Investment Management LLC with an interest exceeding 5%.

Sentiment

Score: 5

Explanation: This is a factual beneficial ownership report (Schedule 13G) and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This filing indicates continued institutional interest in PagerDuty, Inc. by a prominent growth-oriented asset manager, ARK Investment Management, known for its focus on disruptive innovation companies. Such a significant stake by ARK often signals a belief in the long-term potential of the underlying technology and market position of the company within the software and IT operations management sector.

Stakeholder Impact

• Shareholders: Increased institutional ownership by a prominent investment firm may be viewed positively, potentially signaling confidence in the company's future prospects and attracting further investor attention.

Key Dates

Keywords

PagerDuty, ARK Investment Management, Catherine D. Wood, beneficial ownership, Schedule 13G, common stock, investment, institutional ownership