Angel Studios (NYSE:ANGX) Shares Gap Up Following Insider Buying Activity

Posted by George Bondi on Aug 17th, 2026

Angel Studios, Inc. (NYSE:ANGX – Get Free Report)’s stock price gapped up before the market opened on Monday after an insider bought additional shares in the company. The stock had previously closed at $4.37, but opened at $4.60. Angel Studios shares last traded at $4.7050, with a volume of 569,690 shares.

Specifically, Director Steven I. Sarowitz acquired 107,662 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $4.12 per share, with a total value of $443,567.44. Following the acquisition, the director directly owned 683,303 shares in the company, valued at $2,815,208.36. This represents a 18.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven I. Sarowitz bought 246,153 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $3.71 per share, for a total transaction of $913,227.63. Following the transaction, the director directly owned 575,641 shares in the company, valued at approximately $2,135,628.11. This represents a 74.71% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ANGX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Angel Studios in a research report on Wednesday, June 24th. B. Riley Financial reissued a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Angel Studios in a research report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Angel Studios from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Get Our Latest Stock Analysis on ANGX

Angel Studios Stock Performance

The stock has a market cap of $871.24 million, a PE ratio of -5.02 and a beta of -0.02. The business has a 50-day moving average of $3.73 and a 200 day moving average of $3.38.

Angel Studios (NYSE:ANGX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.71 million during the quarter. Equities analysts expect that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of Angel Studios

Hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. acquired a new stake in Angel Studios during the 2nd quarter valued at approximately $1,682,000. Renaissance Technologies LLC acquired a new stake in shares of Angel Studios during the first quarter worth approximately $273,000. Lazard Asset Management LLC bought a new stake in shares of Angel Studios in the first quarter worth $174,000. Hardin Capital Partners LLC raised its holdings in Angel Studios by 19.8% in the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock valued at $111,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Angel Studios by 124.0% during the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after acquiring an additional 13,915 shares during the last quarter. Hedge funds and other institutional investors own 38.57% of the company’s stock.

Angel Studios Company Profile

(Get Free Report)

Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.

Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.