Steven I. Sarowitz, Director at Angel Studios, Inc. (ANGX), bought 488,637 shares at $5.28 ($2.5M) on 2026-09-10, disclosed to the SEC on 2026-09-11.
Director Steven I. Sarowitz executed the largest insider purchase in the company's history, buying 355,998 shares at $5.28, signaling high conviction in the stock's current valuation. This significant capital commitment comes as the stock has surged over 85% in the last 90 days.
ANGX has rallied aggressively, gaining 17.45% over the past 5 days and 46.33% over the last 30 days, bringing the current price to $5.385, which is just 0.37% below the 52-week high of $5.405.
1) Q2 2026 Earnings on August 13, 2026, which reported a 28% revenue increase and reaffirmed a path to profitability with a capped adjusted EBITDA loss of $25 million. 2) B. Riley raised the price target to $8 on June 30, 2026, citing strong momentum from Q1 2026 earnings. 3) The stock is currently ranked among the 'Best Rising Penny Stocks to Buy' by analysts, with an expected upside of over 164.8% over the next 12 months.
The stock is highly volatile with a beta of -0.002 and has a short interest of 4.63% of the float, indicating potential selling pressure. Additionally, the company remains unprofitable with a forward P/E of -22.73, and recent news notes that competition, volatility, and execution risks may warrant profit-taking.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $4.95 | 132,639 | $657K | 25.9% |
| 2 | $5.28 | 355,998 | $1.9M | 74.1% |
| Total | $5.19 avg | 488,637 | $2.5M | 100% |
| Filing → |
| PCTY | SELL | 2026-10-23 | $978K | — | Filing → |
| PCTY | SELL | 2026-10-22 | $1.8M | — | Filing → |
| PCTY | SELL | 2026-10-19 | $913K | — | Filing → |