Robinhood Markets

Robinhood may appear to be an outstanding Wood stock, as the online trading platform has been disrupting the retail investing market with its zero-commission transactions and commitment to equalizing the playing field for small investors. Robinhood has only been on the public markets for five full trading days, and Wood purchased shares in three of them.

She purchased it on Thursday and Friday of last week, and it's already looking like a wise decision. Robinhood was priced at the low end of its original trading range, and it spent most of its first three days on the market as a broken IPO, closing below its $38 IPO price.

Robinhood is a rapidly growing firm, but its detractors have been vociferous. It's chastised for relying too heavily on payment for order flow. Traditional investors are unaware that a substantial portion of its revenue is derived from sales of speculative options and crypto trades, which inexperienced traders frequently execute. Also, the company does not currently offer mutual funds or IRAs, but bulls think these should be potential growth drivers. Robinhood shares surged after the first three dull trading days, but Wood is no stranger to volatility in her investments.

PagerDuty

During the early months of the summer, Wood reduced her investment in PagerDuty. On the other hand, ARK Invest increased its holdings of the cloud-based supplier of enterprise analytics and uptime monitoring on Monday and Wednesday.

PagerDuty doesn't announce second-quarter results until next month, but a glance at its latest quarterly update in early June may help explain why ARK Invest was a net sale of its shares in June and early July. PagerDuty's stock price fell after the earnings release as management warned that the company would have a higher deficit than planned in the second quarter. Furthermore, its dollar-based net retention rate had decreased from 140 percent when it went public two years ago to 121 percent now, implying that returning consumers increased their spending with the company by 40% year over year. With the company trading roughly 30% below its previous high, Wood appears to see PagerDuty as a buying opportunity this week.

UiPath

Finally, there's UiPath. Wood added to her UiPath position on Monday and Wednesday, just like she did with PagerDuty. This company similarly disappointed investors with its most recent quarterly report in June. On the other hand, Wood has done nothing but acquire UiPath stock since the company went public in April.

UiPath provides enterprise software for robotics and automation, and there are now only ten equities with more significant weightings across ARK Invest's ETFs. UiPath has proliferated. Revenue increased by 81 percent in fiscal 2021 and by a still-respectable 65 percent in the first quarter of fiscal 2022, which concluded on April 30. With so many firms using robotics and automation to boost productivity and control labor costs, the bullish thesis for the stock is very straightforward.

Wood's buying list this week included Robinhood, PagerDuty, and UiPath. Let's see if she continues to fill those roles as the month develops.