Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram Sells 11,748 Shares

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction on Monday, July 1st. The stock was sold at an average price of $1.90, for a total transaction of $22,321.20. Following the sale, the chief technology officer now owns 137,010 shares in the company, valued at approximately $260,319. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction of $23,613.48.
• On Wednesday, May 1st, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The shares were sold at an average price of $2.13, for a total transaction of $25,023.24.

Angi Stock Performance

NASDAQ:ANGI opened at $1.85 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.48. Angi Inc. has a 1 year low of $1.55 and a 1 year high of $4.18. The firm has a 50 day moving average of $2.13 and a 200-day moving average of $2.36.

Institutional Investors Weigh In On Angi

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pale Fire Capital SE grew its holdings in shares of Angi by 377.0% during the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock worth $15,648,000 after purchasing an additional 4,966,764 shares during the last quarter. M&T Bank Corp lifted its position in Angi by 54.3% during the 4th quarter. M&T Bank Corp now owns 449,442 shares of the technology company’s stock worth $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 worth $3,570,000 after acquiring an additional 246,335 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Angi in the 4th quarter valued at about $199,000. Finally, Victory Capital Management Inc. bought a new position in shares of Angi in the fourth quarter worth about $26,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ANGI shares. KeyCorp dropped their price target on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Citigroup cut their target price on Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Angi has an average rating of “Moderate Buy” and a consensus target price of $4.13.

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.