Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $89,300.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 4,700 shares of Pagaya Technologies stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $19.00, for a total transaction of $89,300.00. Following the sale, the insider now owns 4,148,850 shares in the company, valued at approximately $78,828,150. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, June 20th, Yahav Yulzari sold 8,259 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.04, for a total transaction of $157,251.36.
• On Monday, June 16th, Yahav Yulzari sold 5,144 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.02, for a total transaction of $97,838.88.
• On Thursday, June 12th, Yahav Yulzari sold 48,981 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.05, for a total transaction of $933,088.05.
• On Monday, May 12th, Yahav Yulzari sold 238,004 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.16, for a total transaction of $3,608,140.64.

Pagaya Technologies Price Performance

NASDAQ:PGY traded up $0.27 during trading hours on Monday, reaching $18.74. 1,585,760 shares of the company’s stock were exchanged, compared to its average volume of 1,972,498. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $1.42 billion, a P/E ratio of 30.78 and a beta of 5.94. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $19.20. The business’s 50-day simple moving average is $14.36 and its two-hundred day simple moving average is $11.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Benchmark restated a “buy” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. B. Riley reissued a “buy” rating and issued a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, Stephens started coverage on Pagaya Technologies in a report on Thursday, June 12th. They issued an “overweight” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Institutional Investors Weigh In On Pagaya Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PGY. Invesco Ltd. grew its holdings in shares of Pagaya Technologies by 1.8% in the 4th quarter. Invesco Ltd. now owns 48,030 shares of the company’s stock worth $446,000 after acquiring an additional 864 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Pagaya Technologies by 10.9% during the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company’s stock valued at $104,000 after purchasing an additional 1,092 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Pagaya Technologies by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company’s stock valued at $130,000 after purchasing an additional 1,094 shares during the last quarter. Swiss National Bank boosted its position in shares of Pagaya Technologies by 1.7% in the 1st quarter. Swiss National Bank now owns 76,883 shares of the company’s stock valued at $806,000 after purchasing an additional 1,300 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Pagaya Technologies by 15.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company’s stock valued at $101,000 after purchasing an additional 1,532 shares during the period. Institutional investors and hedge funds 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.