Insider Selling: 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 stock was sold at an average price of $9.97, for a total value of $214,823.59. Following the transaction, the insider now directly owns 73,550 shares of the company’s stock, valued at $733,293.50. The trade was a 22.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $91,908.00.
• On Thursday, October 31st, Tami Rosen sold 17,570 shares of Pagaya Technologies stock. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20.

Pagaya Technologies Trading Up 8.1 %

NASDAQ:PGY opened at $10.41 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $20.00. The stock’s 50 day moving average price is $10.38 and its 200 day moving average price is $11.84. The company has a market capitalization of $766.76 million, a PE ratio of -4.10 and a beta of 6.11.

Hedge Funds Weigh In On Pagaya Technologies

Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. increased its position in Pagaya Technologies by 4,374.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock valued at $3,296,000 after acquiring an additional 304,890 shares during the period. Centiva Capital LP acquired a new position in shares of Pagaya Technologies in the third quarter valued at approximately $617,000. Yarra Square Partners LP raised its stake in shares of Pagaya Technologies by 29.9% during the second quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock worth $7,903,000 after purchasing an additional 142,500 shares during the last quarter. Millennium Management LLC raised its stake in shares of Pagaya Technologies by 455.9% during the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after purchasing an additional 179,235 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Pagaya Technologies during the second quarter worth $781,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.