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 firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total transaction of $214,823.59. Following the completion of the sale, the insider now owns 73,550 shares of the company’s stock, valued at approximately $733,293.50. The trade was a 22.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value 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 Pagaya Technologies stock opened at $10.41 on Monday. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day moving average price of $10.38 and a 200 day moving average price of $11.84. The company has a market capitalization of $766.76 million, a P/E ratio of -4.10 and a beta of 6.11.

Hedge Funds Weigh In On Pagaya Technologies

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Pagaya Technologies by 502.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,288 shares of the company’s stock worth $1,610,000 after purchasing an additional 127,012 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of 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 buying an additional 1,826 shares during the period. Virtu Financial LLC acquired a new stake in Pagaya Technologies during the third quarter worth approximately $223,000. Geode Capital Management LLC grew its stake in Pagaya Technologies by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock worth $6,310,000 after acquiring an additional 43,068 shares during the period. Finally, State Street Corp raised its holdings in Pagaya Technologies by 14.6% in the 3rd quarter. State Street Corp now owns 763,823 shares of the company’s stock valued at $8,074,000 after acquiring an additional 97,135 shares during the last quarter. 57.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Oppenheimer began coverage on shares of Pagaya Technologies in a research report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 target price on the stock. UBS Group started coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 price objective on the stock. B. Riley dropped their target price on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a report on Monday, September 30th. Benchmark reissued a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group dropped their price objective on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pagaya Technologies 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.