Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $214,823.59 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 21,547 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total transaction of $214,823.59. Following the completion of the transaction, the insider now directly owns 73,550 shares in the company, valued at $733,293.50. This represents a 22.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tami Rosen also recently made the following trade(s):

• On Wednesday, November 6th, Tami Rosen sold 7,659 shares of Pagaya Technologies stock. The stock was sold at an average price of $12.00, for a total transaction of $91,908.00.
• On Thursday, October 31st, Tami Rosen sold 17,570 shares of Pagaya Technologies stock. The stock was sold at an average price of $12.06, for a total transaction of $211,894.20.

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock traded up $0.78 on Friday, hitting $10.41. The company’s stock had a trading volume of 2,295,289 shares, compared to its average volume of 1,778,645. The company has a market capitalization of $766.76 million, a P/E ratio of -4.10 and a beta of 6.11. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $20.00. The firm has a fifty day moving average price of $10.38 and a 200-day moving average price of $11.84. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PGY shares. Canaccord Genuity Group lowered their price objective on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. UBS Group initiated coverage on Pagaya Technologies in a research note on Friday, December 20th. They issued a “neutral” rating and a $11.00 price target on the stock. Oppenheimer started coverage on Pagaya Technologies in a report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price objective on the stock. B. Riley reduced their target price on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Institutional Trading of Pagaya Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC lifted its position in shares of Pagaya Technologies by 4.6% in the third quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock valued at $437,000 after acquiring an additional 1,826 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Pagaya Technologies by 13.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock valued at $176,000 after purchasing an additional 1,937 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Pagaya Technologies by 48.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after purchasing an additional 3,181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Pagaya Technologies during the 2nd quarter worth about $166,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Pagaya Technologies by 50.1% during the second quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock worth $559,000 after buying an additional 14,629 shares in the last quarter. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.