Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $97,838.88 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 5,144 shares of the company’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $19.02, for a total value of $97,838.88. Following the completion of the sale, the insider now owns 4,153,550 shares in the company, valued at $79,000,521. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $933,088.05.
• On Monday, May 12th, Yahav Yulzari sold 238,004 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.16, for a total value of $3,608,140.64.

Pagaya Technologies Stock Performance

NASDAQ PGY opened at $18.85 on Thursday. The company has a market cap of $1.43 billion, a PE ratio of -3.72 and a beta of 5.93. The stock’s 50 day simple moving average is $13.99 and its 200-day simple moving average is $11.79. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $19.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $36.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. Stephens started coverage on Pagaya Technologies in a report on Thursday, June 12th. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and seven have issued 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 target price of $20.50.

Hedge Funds Weigh In On Pagaya Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in PGY. Frontier Capital Management Co. LLC purchased a new position in shares of Pagaya Technologies in the fourth quarter valued at approximately $28,070,000. Millennium Management LLC lifted its position in shares of Pagaya Technologies by 320.1% in the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock valued at $13,230,000 after acquiring an additional 961,944 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Pagaya Technologies by 284.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company’s stock valued at $11,133,000 after acquiring an additional 886,539 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Pagaya Technologies by 359.6% in the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock valued at $7,675,000 after acquiring an additional 646,357 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Pagaya Technologies in the first quarter valued at approximately $6,465,000. Hedge funds and other 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.