Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 9,846 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 9,846 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $12.18, for a total value of $119,924.28. Following the completion of the transaction, the insider now directly owns 73,550 shares of the company’s stock, valued at $895,839. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Tami Rosen sold 21,547 shares of Pagaya Technologies stock. The stock was sold at an average price of $9.97, for a total value of $214,823.59.

Pagaya Technologies Stock Performance

Shares of NASDAQ PGY opened at $12.50 on Friday. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $20.00. The stock has a market capitalization of $920.75 million, a price-to-earnings ratio of -4.92 and a beta of 6.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $9.56 and its 200 day simple moving average is $11.21.

Institutional Trading of Pagaya Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PGY. Millennium Management LLC boosted its holdings in shares of Pagaya Technologies by 455.9% in the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after buying an additional 179,235 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Pagaya Technologies in the 2nd quarter worth approximately $187,000. Cubist Systematic Strategies LLC grew its position in Pagaya Technologies by 50.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock worth $559,000 after purchasing an additional 14,629 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Pagaya Technologies during the 3rd quarter valued at $374,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Pagaya Technologies in the third quarter valued at $191,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PGY. Canaccord Genuity Group decreased their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research note on Wednesday, October 16th. UBS Group initiated coverage on Pagaya Technologies in a research report on Friday, December 20th. They issued a “neutral” rating and a $11.00 target price for the company. Finally, Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.00 to $14.50 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Pagaya Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $20.06.

About Pagaya Technologies

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.