Angi Inc. (NASDAQ:ANGI) CTO Sells $27,255.36 in Stock

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the completion of the transaction, the chief technology officer now directly owns 125,262 shares in the company, valued at $290,607.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, July 1st, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The shares were sold at an average price of $1.90, for a total value of $22,321.20.
• 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.

Angi Trading Down 2.5 %

NASDAQ:ANGI traded down $0.05 on Monday, reaching $1.97. The company’s stock had a trading volume of 520,460 shares, compared to its average volume of 778,518. Angi Inc. has a 1-year low of $1.54 and a 1-year high of $3.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $988.43 million, a PE ratio of -39.40 and a beta of 2.00. The business’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $2.31.

Analysts Set New Price Targets

A number of research firms have issued reports on ANGI. KeyCorp lowered their target price on Angi from $4.00 to $3.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Citigroup cut their price objective on Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, JMP Securities assumed coverage on Angi in a research report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Angi has an average rating of “Moderate Buy” and a consensus price target of $4.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Angi by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock worth $708,000 after buying an additional 6,587 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after buying an additional 7,649 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Angi by 140.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after buying an additional 10,447 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Angi during the fourth quarter worth about $26,000. Finally, Picton Mahoney Asset Management boosted its position in shares of Angi by 3.5% during the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock worth $847,000 after buying an additional 10,793 shares during the period. 12.84% of the stock is owned by institutional investors and hedge funds.

About Angi

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.