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

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction 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 transaction, the chief technology officer now directly owns 137,010 shares in the company, valued at $260,319. The sale was disclosed in a filing with the SEC, 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 Price Performance

ANGI stock opened at $1.85 on Thursday. The company’s 50-day moving average price is $2.13 and its two-hundred day moving average price is $2.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99. Angi Inc. has a 12 month low of $1.55 and a 12 month high of $4.18.

Analyst Ratings Changes

ANGI has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of Angi from $4.00 to $3.25 and set a “buy” rating for the company in a report on Thursday, May 9th. KeyCorp cut their price target on 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4.13.

Institutional Trading of Angi

Large investors have recently made changes to their positions in the company. Quadrature Capital Ltd lifted its position in shares of Angi by 21.4% during the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock worth $256,000 after buying an additional 17,102 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Angi by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after acquiring an additional 95,514 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of Angi by 3.5% in the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock worth $847,000 after acquiring an additional 10,793 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Angi in the 1st quarter valued at approximately $1,234,000. Finally, SG Americas Securities LLC bought a new stake in shares of Angi during the 1st quarter valued at approximately $162,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.