PD - Cathie Wood Bought This Stock Every Day Last Month: Should You?
2024-07-01 07:15:00 ET
One thing you can say about Cathie Wood is that she's persistent. The aggressive growth investor who's also the co-founder, CEO, and ace stock picker at Ark Invest enjoys swinging the fences. She's also not afraid to go for the safe single, binge-buying some of her favorite holdings over and over again.
She publishes Ark Invest's transactions at the end of every market day. Something out of the ordinary happened on Friday night, as she announced her purchases from earlier in the day. PagerDuty (NYSE: PD) was one of the six existing positions that she added to on Friday. More importantly, she bought shares of the cloud-based provider of enterprise analytics and uptime monitoring solutions every single trading day in June. She obviously likes PagerDuty right now. Should you? Let's take a closer look.
Enterprise software companies are all about making businesses more efficient, and that's what PagerDuty's growing suite of offerings aims to accomplish. From automation tools that help increase task completion speeds and lower support costs to its incident management platform that allows clients to navigate through hiccups and come out of disruptions even smarter, PagerDuty's ambitious isn't on trial.
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Cathie Wood Bought This Stock Every Day Last Month: Should You?