On November 15, 2024, Jeffrey Kip, CEO of Angi Inc (ANGI, Financial), purchased 250,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 917,331 shares of Angi Inc.
Angi Inc operates a digital marketplace for home services, connecting millions of homeowners across the United States with service professionals for home improvement, maintenance, and repair projects.
This insider buy is part of a broader trend over the past year, where there has been a total of 1 insider buy and 8 insider sells at Angi Inc. The insider transaction history indicates a varied pattern of insider activity.
Shares of Angi Inc were priced at $1.72 on the day of the transaction, giving the company a market cap of approximately $949.78 million. According to the GF Value, which is an intrinsic value estimate from GuruFocus, Angi Inc is currently modestly undervalued with a GF Value of $2.21, resulting in a price-to-GF-Value ratio of 0.78.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This recent purchase by the insider could be a signal to investors regarding the perceived value of the stock at current levels. Investors often monitor insider buys as they can indicate executives' confidence in the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
