Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 21,547 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 21,547 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $733,293.50. The trade was a 22.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were 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 value of $211,894.20.

Pagaya Technologies Trading Up 8.1 %

Shares of NASDAQ PGY opened at $10.41 on Friday. The stock has a market cap of $766.76 million, a P/E ratio of -4.10 and a beta of 6.11. The firm has a 50 day moving average price of $10.38 and a two-hundred day moving average price of $11.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $20.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in 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 buying an additional 3,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Pagaya Technologies in the 2nd quarter valued at about $166,000. The Manufacturers Life Insurance Company boosted its position in shares of Pagaya Technologies by 13.2% during 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 in the last quarter. Intech Investment Management LLC acquired a new stake in Pagaya Technologies during the third quarter worth approximately $191,000. Finally, Virtu Financial LLC bought a new stake in Pagaya Technologies in the third quarter worth approximately $223,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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