The concentrated insider buying by both C-suite and a director at increasing prices over three days is a strong conviction signal. Traders should watch for potential upcoming catalysts (earnings, content releases, or strategic announcements) that may have prompted this buying. The 100% historical win rate on prior ANGX calls at T+20 supports a bullish near-term bias.
Price Chart
Executive Summary
A cluster of insider purchases at Angel Studios over three days (Aug 12-14) shows the CEO, Chief Content Officer, and a Director collectively buying ~$2.8M in open-market shares at prices between $3.71 and $4.31. This is a strong bullish signal, as C-suite and director buying at these levels indicates confidence in the company's near-term prospects, especially given the stock's recent price range and the 92% analyst bullish consensus.
Key Financial Metrics
Key Facts
- CEO Neal Harmon purchased 58,229 shares for ~$250K on Aug 13-14
- Chief Content Officer Jeffrey Harmon purchased 230,080 shares for ~$949K on Aug 13-14
- Director Steven Sarowitz purchased 411,737 shares for ~$1.6M on Aug 12-14
- Total cluster open-market purchases: ~$2.8M
- Stock price during purchases ranged from $3.71 to $4.31
- 92% of analysts rate the stock as Buy or Strong Buy
Financial Impact
~$2.8M in insider open-market purchases, representing ~0.34% of the $816M market cap
Risk Factors
- Insider buying does not guarantee short-term price appreciation; the stock could still face sector headwinds
- The purchases represent only 0.34% of market cap, limiting the signal's magnitude
- No specific catalyst was disclosed alongside the trades
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ANGX-1787000842066 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 17d ago | Insider Buy | $5.27 $5.10 | ▼ −3.23% | ▼ −5.34% | $4.14 (−21.54%) |
Sep 11, 2026 21d ago | Insider Buy | $5.45 $5.27 | ▼ −3.30% | ▼ −3.08% | $4.14 (−24.13%) |
Aug 18, 2026 6w ago | EFFECT | $4.85 $4.58 | ▼ −5.57% | ▼ −5.37% | $4.14 (−14.74%) |
Aug 17, 2026 6w ago | Insider Cluster | $4.85 $4.58 | ▼ −5.57% | ▼ −5.37% | $4.14 (−14.74%) |
Aug 14, 2026 6w ago | Insider Cluster | $4.71 $4.54 | ▼ −3.61% | ▼ −2.42% | $4.14 (−12.21%) |
Jun 30, 2026 13w ago | S-4 / 8-K | $3.67 $3.53 | ▼ −3.81% | ▼ −4.42% | $4.14 (+12.67%) |
Apr 10, 2026 25w ago | 8-K | $2.18 $2.62 | ▲ +20.18% | ▲ +15.68% | $4.14 (+89.68%) |
Apr 8, 2026 25w ago | DEFA14A | $2.87 $2.50 | ▼ −12.89% | ▼ −16.08% | $4.14 (+44.08%) |
US Market Status
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