Cathie Wood’s ARK Invest Buys Amazon and Kratos – Dumps Iridium Stock

TLDR

• ARK sold 81,422 shares of Iridium Communications for $3.4 million through its ARKX ETF
• ARK sold 30,677 shares of Twist Bioscience for $1.8 million, following a prior sale of 67,120 shares
• ARK bought 24,614 shares of Kratos Defense for $1.7 million
• ARK bought 3,492 shares of Amazon for $874,955 ahead of Q1 earnings on April 29
• ARK also added 4,625 shares of DoorDash for $850,491

Cathie Wood’s ARK Invest made several trades on Monday, April 20, 2026. The moves involved both buys and sells across multiple ETFs.

The largest trade of the day was a sale. ARK sold 81,422 shares of Iridium Communications through its ARKX ETF, worth approximately $3.4 million. This is a clear step back from the satellite communications company.

ARK also continued trimming its position in Twist Bioscience. On Monday it sold 30,677 shares for $1.8 million. That follows a sale of 67,120 shares just the Friday before, on April 17.

On the buy side, ARK picked up 24,614 shares of Kratos Defense and Security Solutions for $1.7 million. The purchase came through the ARKX ETF and points to growing interest in the defense sector.

ARK also bought 3,492 shares of Amazon for just under $875,000. The timing stands out. Amazon is due to report Q1 earnings on April 29 after market close.

Amazon.com, Inc., AMZN

Wall Street expects Amazon to post earnings per share of $1.63, up 2.5% year over year. Revenue is projected to rise about 14% to $177.22 billion.

Amazon Web Services remains a key focus for analysts. Bank of America recently raised its price target on the stock to $298, expecting AWS growth of around 28% this quarter.

AWS and AI Drive Amazon Outlook

Amazon’s cloud division is being boosted by demand for so-called agentic AI tools. These are systems that can complete tasks on their own and require heavy computing resources, sending more business toward AWS.

Amazon’s ad business is also growing, up around 24%. Ads carry higher profit margins than retail, making them an important part of the earnings story.

KeyBanc analyst Justin Patterson raised his price target on Amazon to $325 from $285, keeping an Overweight rating. He expects AWS growth to reach around 30% as capacity expands and new clients come on board.

Truist Securities analyst Youssef Squali raised his target to $285 from $280 with a Buy rating. He expects AWS revenue growth to pick up to about 25% in Q1, from 23% in the prior quarter.

Squali pointed to Amazon’s partnerships with OpenAI and Anthropic as supporting demand. He also noted North American marketplace sales are growing around 10% year over year.

Amazon’s Satellite Project Adds to Long-Term Story

Amazon is also expanding into satellite internet through its Project Kuiper, with a launch expected around mid-2026. Delta Air Lines has already shown interest in the service.

Amazon stock is up 7.6% year to date and 48% over the past year.

ARK also added 4,625 shares of DoorDash for $850,491 through the ARKX ETF on the same day.

According to TipRanks, Amazon holds a Strong Buy consensus rating based on 42 Buy ratings and three Holds. The average price target of $286.23 implies roughly 15% upside from current levels.

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