This is a high-conviction insider buy from a director investing $3M over three consecutive days. The pattern of increasing position size each day suggests deliberate accumulation rather than a one-off trade. With 92% analyst bullish consensus and strong institutional accumulation, the insider is aligning with the Street's positive view. Monitor for any upcoming catalyst (earnings, product announcement) that may have prompted this buying. The historical win rate on ANGX long calls is 100% at T+20, supporting a bullish bias.
Price Chart
Executive Summary
Director Steven Sarowitz made three open-market purchases totaling $3.01M over three days (Sep 9-11), buying 577K shares at an average price of ~$5.21. This is a large, concentrated insider buy from a director at a $1.0B market cap company, representing ~0.3% of market cap. The purchases follow a period of strong institutional accumulation (10 funds adding, 3 doubling positions) and come amid 92% analyst bullish consensus, reinforcing a positive signal despite recent stock weakness.
Key Financial Metrics
Key Facts
- Director Steven Sarowitz purchased 577,284 shares total over three days (Sep 9-11) for $3,009,006.61
- Average purchase price was ~$5.21 per share
- Purchases represent ~0.3% of ANGX's $1.0B market cap
- Sarowitz bought on three consecutive trading days, increasing his position each day
- Institutional 13F shows 10 funds adding and 3 doubling positions in Q2 2026
- Analyst consensus is 92% bullish (11 Buy, 1 Hold, 0 Sell)
Financial Impact
Director invested $3.01M of personal capital at ~$5.21/share, representing 0.3% of market cap
Risk Factors
- Insider buys can be contrarian signals if the stock continues to decline; recent T+5 performance on prior long calls was negative
- Director purchases, while meaningful, carry less weight than C-suite insider buys in academic literature
- The stock has shown high volatility with -18% T+5 drawdowns on prior bullish signals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001865200-26-000087 |
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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