Next Century Growth Investors LLC Sells 376,928 Shares of Pagaya Technologies Ltd. $PGY

Posted by Brian Himes on Jun 15th, 2026

Next Century Growth Investors LLC trimmed its position in Pagaya Technologies Ltd. (NASDAQ:PGY – Free Report) by 57.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,680 shares of the company’s stock after selling 376,928 shares during the period. Next Century Growth Investors LLC owned 0.35% of Pagaya Technologies worth $5,929,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Divisadero Street Capital Management LP boosted its holdings in Pagaya Technologies by 79.8% in the 3rd quarter. Divisadero Street Capital Management LP now owns 416,919 shares of the company’s stock valued at $12,378,000 after purchasing an additional 185,000 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Pagaya Technologies by 3,179.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 426,089 shares of the company’s stock valued at $9,493,000 after purchasing an additional 413,096 shares during the period. Zweig DiMenna Associates LLC bought a new position in Pagaya Technologies in the 3rd quarter valued at $5,525,000. Adams Street Partners LLC bought a new position in Pagaya Technologies in the 3rd quarter valued at $10,526,000. Finally, HarbourVest Partners LLC bought a new position in Pagaya Technologies in the 3rd quarter valued at $3,343,000. 57.14% of the stock is owned by institutional investors.

Pagaya Technologies Stock Performance

Pagaya Technologies stock opened at $15.42 on Monday. The firm’s fifty day moving average price is $13.81 and its 200-day moving average price is $16.55. The company has a debt-to-equity ratio of 1.25, a quick ratio of 12.09 and a current ratio of 12.09. The stock has a market cap of $1.28 billion, a P/E ratio of 14.41 and a beta of 5.35. Pagaya Technologies Ltd. has a fifty-two week low of $10.40 and a fifty-two week high of $44.99.

Pagaya Technologies (NASDAQ:PGY – Get Free Report) last posted its quarterly earnings data on Sunday, March 22nd. The company reported ($40.85) earnings per share for the quarter. The company had revenue of $91.63 million for the quarter. Pagaya Technologies had a net margin of 7.39% and a return on equity of 44.75%. On average, equities research analysts expect that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PGY has been the subject of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $32.00 price target on shares of Pagaya Technologies in a report on Monday, May 18th. Weiss Ratings downgraded shares of Pagaya Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Texas Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Zacks Research raised shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pagaya Technologies has a consensus rating of “Buy” and an average price target of $34.50.

Read Our Latest Report on PGY

Insider Activity

In other news, CFO Evangelos Perros sold 13,004 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $11.34, for a total transaction of $147,465.36. Following the sale, the chief financial officer owned 122,174 shares in the company, valued at approximately $1,385,453.16. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tami Rosen sold 9,720 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $15.14, for a total transaction of $147,160.80. Following the sale, the director owned 37,544 shares in the company, valued at approximately $568,416.16. This trade represents a 20.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 24,864 shares of company stock worth $326,748. 47.59% of the stock is currently owned by corporate insiders.

Pagaya Technologies Company Profile

(Free Report)

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.