Steven I. Sarowitz, Director at Angel Studios, Inc. (ANGX), bought 353,815 shares at $3.71 ($1.4M) on 2026-08-12, disclosed to the SEC on 2026-08-14.
Director Steven I. Sarowitz executed the largest purchase in Angel Studios' history, buying $912,316 worth of shares at $3.71. This rare reversal amidst a 61% run-up in the last 90 days signals insider confidence in the company's path to profitability.
The stock has surged 61.25% over the last 90 days and is currently trading 3.53% below its 52-week high of $4.53.
Catalysts include the Q2 2026 earnings call on Aug 13, where management reaffirmed a path to profitability with a full-year adjusted EBITDA loss capped at $25 million, and B. Riley lifting the price target to $8 on July 15.
The stock faces execution risks amid intensifying competition, and short interest remains elevated at 4.62%.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $3.71 | 246,153 | $912K | 67.3% |
| 2 | $4.12 | 107,662 | $443K | 32.7% |
| Total | $3.83 avg | 353,815 | $1.4M | 100% |
| Filing → |
| ANGX | BUY | 2026-09-11 | $2.5M | — | Filing → |
| ANGX | BUY | 2026-09-03 | $47K | — | Filing → |
| PCTY | SELL | 2026-09-01 | $809K | — | Filing → |