Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells 150,000 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 150,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the sale, the insider now owns 161,637 shares in the company, valued at $2,505,373.50. The trade was a 48.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Yahav Yulzari also recently made the following trade(s):

• On Monday, September 30th, Yahav Yulzari bought 23,600 shares of Pagaya Technologies stock. The stock was acquired at an average cost of $10.52 per share, for a total transaction of $248,272.00.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock opened at $9.47 on Friday. The stock has a market capitalization of $680.14 million, a price-to-earnings ratio of -3.87 and a beta of 6.33. The firm’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $12.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 1.50. Pagaya Technologies Ltd. has a 12 month low of $8.56 and a 12 month high of $20.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in shares of Pagaya Technologies during the second quarter worth about $74,000. SG Americas Securities LLC purchased a new position in shares of Pagaya Technologies in the 2nd quarter valued at approximately $101,000. BNP Paribas Financial Markets increased its holdings in shares of Pagaya Technologies by 48.4% in the third 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Pagaya Technologies during the second quarter worth approximately $166,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Pagaya Technologies during the second quarter worth $187,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PGY has been the subject of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Oppenheimer assumed coverage on shares of Pagaya Technologies in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target on the stock. Canaccord Genuity Group reduced their price objective 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. Wedbush reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Pagaya Technologies in a research report on Monday, August 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.11.

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.