Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 35,369 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 35,369 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $15.00, for a total value of $530,535.00. Following the completion of the sale, the insider now owns 38,181 shares of the company’s stock, valued at $572,715. The trade was a 48.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, February 7th, Tami Rosen sold 9,846 shares of Pagaya Technologies stock. The shares were sold at an average price of $12.18, for a total value of $119,924.28.
• 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 Up 24.3 %

NASDAQ PGY opened at $14.64 on Friday. The stock has a 50 day moving average price of $9.68 and a 200-day moving average price of $11.11. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $20.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $1.08 billion, a P/E ratio of -5.76 and a beta of 6.09.

Wall Street Analyst Weigh In

A number of research firms recently commented on PGY. Canaccord Genuity Group reissued a “buy” rating and issued a $25.00 price target on shares of Pagaya Technologies in a report on Thursday. UBS Group began coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They issued a “neutral” rating and a $11.00 target price on the stock. Finally, Citigroup raised shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $13.00 to $14.50 in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.06.

Hedge Funds Weigh In On Pagaya Technologies

Several institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its position in shares of Pagaya Technologies by 1.8% during the 4th quarter. Invesco Ltd. now owns 48,030 shares of the company’s stock valued at $446,000 after buying an additional 864 shares in the last quarter. Arizona State Retirement System grew its position in Pagaya Technologies by 10.9% in the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company’s stock worth $104,000 after acquiring an additional 1,092 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Pagaya Technologies by 15.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company’s stock worth $101,000 after acquiring an additional 1,532 shares during the last quarter. Tidal Investments LLC raised its position in Pagaya Technologies by 4.6% during the third quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock valued at $437,000 after purchasing an additional 1,826 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of 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. Institutional investors own 57.14% of the company’s stock.

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.