SCHEDULE 13G/A: ARK Investment Management Discloses Significant 10.35% Stake in PagerDuty, Inc.

ARK Investment Management LLC has disclosed an aggregate beneficial ownership of 10.35% of PagerDuty, Inc.'s common stock as of February 28, 2025, through an Amendment No. 7 to Schedule 13G filing.

Summary

• ARK Investment Management LLC filed an Amendment No. 7 to Schedule 13G regarding its beneficial ownership in PagerDuty, Inc. common stock.
• As of February 28, 2025, ARK Investment Management LLC beneficially owns an aggregate of 9,327,206 shares of PagerDuty, Inc. common stock.
• This ownership represents 10.35% of the total class of securities outstanding.
• ARK Investment Management LLC holds sole voting power over 8,729,224 shares and shared voting power over 213,708 shares.
• They maintain sole dispositive power over all 9,327,206 shares and no shared dispositive power.
• The filing certifies that 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.

Sentiment

Score: 6

Explanation: The filing indicates a significant beneficial ownership by a prominent investment firm, ARK Investment Management LLC, which can be interpreted as a positive signal of confidence in PagerDuty, Inc. However, the document itself is a routine ownership disclosure and does not contain operational or financial performance updates.

Positives

• A prominent investment firm, ARK Investment Management LLC, has disclosed a substantial 10.35% stake in PagerDuty, Inc., potentially signaling confidence in the company's future prospects.
• The filing indicates that the shares are held in the ordinary course of business, suggesting a long-term investment perspective rather than an activist intent.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

PagerDuty operates in the critical IT operations and incident management software sector, a growing area driven by digital transformation and cloud adoption. ARK Investment Management's significant stake suggests a belief in PagerDuty's position within this evolving industry, aligning with ARK's focus on disruptive innovation.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders may view ARK Investment Management LLC's significant stake as a vote of confidence in PagerDuty, Inc.'s long-term value and prospects.

Next Steps

• NA

Key Dates

Keywords

PagerDuty, ARK Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Software, IT Operations, Cloud Computing