Angel Studios (NYSE:ANGX) Sees Unusually-High Trading Volume After Insider Buying Activity

Angel Studios, Inc. (NYSE:ANGX) shares saw an uptick in trading volume on Tuesday following insider buying activity. 809,700 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 1,199,903 shares.The stock last traded at $5.2850 and had previously closed at $4.71.

Specifically, Director Steven I. Sarowitz purchased 57,922 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $4.26 per share, for a total transaction of $246,747.72. Following the transaction, the director owned 741,225 shares of the company’s stock, valued at $3,157,618.50. This trade represents a 8.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Harmon purchased 51,380 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $4.26 per share, for a total transaction of $218,878.80. Following the acquisition, the insider owned 256,404 shares in the company, valued at approximately $1,092,281.04. The trade was a 25.06% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In related news, insider Jeffrey Harmon acquired 178,700 shares of Angel Studios stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $4.08 per share, for a total transaction of $729,096.00. Following the transaction, the insider directly owned 205,024 shares of the company’s stock, valued at $836,497.92. This trade represents a 678.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. B. Riley Financial reaffirmed a “buy” rating and issued a $8.00 target price (up from $7.00) on shares of Angel Studios in a research report on Tuesday, June 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Angel Studios Stock Up 12.2%

The firm’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $3.38. The company has a market cap of $986.65 million, a price-to-earnings ratio of -5.68 and a beta of -0.02.

Angel Studios (NYSE:ANGX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.71 million for the quarter. Analysts anticipate that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of Angel Studios

Several large investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. bought a new stake in Angel Studios during the 2nd quarter valued at $1,682,000. Renaissance Technologies LLC bought a new position in shares of Angel Studios in the first quarter worth $273,000. Lazard Asset Management LLC bought a new position in shares of Angel Studios in the first quarter worth $174,000. Cetera Investment Advisers increased its holdings in shares of Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after purchasing an additional 13,915 shares during the period. Finally, Whitcomb & Hess Inc. acquired a new position in shares of Angel Studios during the second quarter valued at $49,000. 38.57% of the stock is currently owned by institutional investors and hedge funds.

About Angel Studios

Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.

Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.