Cathie Wood’s 2022 Portfolio: 5 Small-Cap Stock Picks

3. PagerDuty, Inc. (NYSE:PD)

ARK Investment Management’s 13 Portfolio: 1.46% 

ARK Investment Management’s Stake Value: $351.04 million

Number of Hedge Fund Holders: 27

Market Cap: $2.06 billion

PagerDuty, Inc. (NYSE:PD) is another small-cap stock that features in the Q1 2022 portfolio of Cathie Wood, who owns 10.26 million shares of the firm valued at $351 million. The company operates a digital operations management software, which collects data from any software and device to understand opportunities and threats that need to be addressed in real-time. It serves customers in many industries including software and technology, telecommunications, financial services, media and entertainment, travel and retail.

On March 17, Craig-Hallum analyst Chad Bennett maintained a ‘Buy’ rating on PagerDuty, Inc. (NYSE:PD) stock, and decreased the price target $45 from $52, whilst noting that he sees the firm’s return to 30%+ growth in mid 2022 as part of a sustainable growth trajectory.

Out of all the hedge funds tracked by Insider Monkey, 27 reported owning stakes in PagerDuty, Inc. (NYSE:PD) at the end of Q4 2021 with an overall value of $717.4 million. This is down from 30 hedge funds with bullish bets on the company shares a quarter ago.