This is a strong conviction buy from a director at an average price of ~$5.20. The 100% historical win rate on prior ANGX bullish calls at T+20 suggests this signal has predictive value. Monitor for any upcoming corporate announcements (earnings, partnership, or film slate updates) that may have prompted the insider's confidence. The stock's recent volatility (prior T+5 moves of -3.6% to -18% on bullish calls) suggests near-term noise, but the medium-term outlook appears favorable given insider accumulation.
Price Chart
Executive Summary
Director Steven Sarowitz made a $2.54M open-market purchase of ANGX shares over two days, with the largest single buy ($1.88M) at $5.28 on Sept 10. This is a significant conviction buy from a director, representing ~0.25% of the $1.0B market cap, and follows a 30-day pattern of $3.2M in insider buying. The historical calibration shows past bullish calls on ANGX have been correct (100% win rate at T+20), supporting a bullish read on this insider activity.
Key Financial Metrics
Key Facts
- Director Steven Sarowitz purchased 488,637 shares total for $2.54M on Sept 9-10, 2026
- Largest single trade: 355,998 shares at $5.2791 on Sept 10 ($1.88M)
- Total insider buying over 30 days is $3.2M across 6 buys
- Market cap is $1.0B; this cluster represents ~0.25% of market cap
- Analyst consensus is 92% bullish (11 Buy, 1 Hold, 0 Sell)
Financial Impact
Director purchased $2.54M of ANGX common stock in open-market transactions over two days
Risk Factors
- Insider buys can be contrarian signals if the stock continues to decline in the short term
- The director's cost basis is ~$5.20; a break below this level would be a negative signal
- Prior bullish calls on ANGX showed significant T+5 drawdowns (-3.6% to -18%) before recovering
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001865200-26-000085 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access