Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells 13,814 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 13,814 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $17.68, for a total value of $244,231.52. Following the completion of the sale, the insider now owns 38,181 shares of the company’s stock, valued at approximately $675,040.08. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pagaya Technologies Stock Up 1.1%

NASDAQ:PGY opened at $18.19 on Thursday. The stock’s fifty day moving average price is $13.09 and its two-hundred day moving average price is $11.52. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -3.31 and a beta of 5.93. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $19.20. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17.

Hedge Funds Weigh In On Pagaya Technologies

Large investors have recently made changes to their positions in the company. Virtus Advisers LLC bought a new stake in shares of Pagaya Technologies during the first quarter worth approximately $35,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Pagaya Technologies during the 4th quarter worth approximately $43,000. GAMMA Investing LLC lifted its position in Pagaya Technologies by 5,431.3% in the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock valued at $46,000 after acquiring an additional 4,345 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Pagaya Technologies in the 4th quarter valued at approximately $67,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Pagaya Technologies in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PGY. Canaccord Genuity Group restated a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Thursday, February 13th. B. Riley reissued a “buy” rating and issued a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Finally, JMP Securities lifted their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pagaya Technologies presently has an average rating of “Moderate Buy” and an average price target of $20.61.

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.