Pagaya Technologies (NASDAQ:PGY) Insider Sells $461,748.98 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 15,026 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $30.73, for a total transaction of $461,748.98. Following the sale, the insider directly owned 28,181 shares of the company’s stock, valued at approximately $866,002.13. This trade represents a 34.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 15th, Tami Rosen sold 13,870 shares of Pagaya Technologies stock. The stock was sold at an average price of $41.20, for a total transaction of $571,444.00.

Pagaya Technologies Trading Down 5.4%

PGY opened at $29.40 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -7.68 and a beta of 5.86. The firm has a 50 day simple moving average of $34.43 and a 200 day simple moving average of $22.52. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $44.99.

Analysts Set New Price Targets

A number of research firms recently weighed in on PGY. B. Riley boosted their price target on shares of Pagaya Technologies from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Benchmark restated a “buy” rating and set a $48.00 price objective on shares of Pagaya Technologies in a report on Wednesday. Citigroup boosted their price objective on shares of Pagaya Technologies from $16.50 to $40.00 and gave the company a “buy” rating in a report on Monday, July 21st. Canaccord Genuity Group boosted their price objective on shares of Pagaya Technologies from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Oppenheimer boosted their price objective on shares of Pagaya Technologies from $16.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Pagaya Technologies by 177.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,561 shares of the company’s stock valued at $140,000 after buying an additional 4,199 shares during the period. Voleon Capital Management LP acquired a new position in shares of Pagaya Technologies in the second quarter valued at approximately $353,000. HRT Financial LP boosted its holdings in shares of Pagaya Technologies by 142.6% in the second quarter. HRT Financial LP now owns 223,164 shares of the company’s stock valued at $4,757,000 after buying an additional 131,173 shares during the period. G2 Investment Partners Management LLC acquired a new position in shares of Pagaya Technologies in the second quarter valued at approximately $5,403,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of Pagaya Technologies by 405.7% in the second quarter. Engineers Gate Manager LP now owns 158,800 shares of the company’s stock valued at $3,386,000 after buying an additional 127,399 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.