Angi Inc. (NASDAQ:ANGI) CTO Sells $22,321.20 in Stock

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $1.90, for a total value of $22,321.20. Following the completion of the sale, the chief technology officer now directly owns 137,010 shares in the company, valued at approximately $260,319. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Kulesh Shanmugasundaram also recently made the following trade(s):

• On Monday, June 3rd, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The shares were sold at an average price of $2.01, for a total value of $23,613.48.
• On Wednesday, May 1st, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The stock was sold at an average price of $2.13, for a total value of $25,023.24.

Angi Price Performance

Angi stock opened at $1.85 on Friday. The firm has a market capitalization of $928.22 million, a PE ratio of -37.00 and a beta of 2.01. Angi Inc. has a 52 week low of $1.55 and a 52 week high of $4.18. The firm’s 50-day simple moving average is $2.13 and its 200 day simple moving average is $2.35. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.48.

Hedge Funds Weigh In On Angi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANGI. Pale Fire Capital SE grew its position in shares of Angi by 377.0% in the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after purchasing an additional 4,966,764 shares during the last quarter. M&T Bank Corp lifted its stake in Angi by 54.3% in the 4th quarter. M&T Bank Corp now owns 449,442 shares of the technology company’s stock valued at $1,120,000 after buying an additional 158,154 shares in the last quarter. General American Investors Co. Inc. grew its holdings in Angi by 20.7% during the 4th quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after buying an additional 246,335 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Angi during the fourth quarter worth $199,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Angi in the fourth quarter worth $26,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ANGI shares. Citigroup decreased their target price on shares of Angi from $4.00 to $3.25 and set a “buy” rating on the stock in a research report on Thursday, May 9th. KeyCorp reduced their price objective on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Angi presently has an average rating of “Moderate Buy” and an average price target of $4.13.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.