Insider Selling: Pagaya Technologies (NASDAQ:PGY) Director Sells $29,183.55 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) Director Tami Rosen sold 1,265 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $23.07, for a total value of $29,183.55. Following the sale, the director directly owned 15,400 shares in the company, valued at $355,278. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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• On Monday, August 3rd, Tami Rosen sold 28,181 shares of Pagaya Technologies stock. The stock was sold at an average price of $21.98, for a total value of $619,418.38.
• On Monday, June 22nd, Tami Rosen sold 9,944 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.20, for a total value of $151,148.80.
• On Friday, June 12th, Tami Rosen sold 5,681 shares of Pagaya Technologies stock. The shares were sold at an average price of $16.23, for a total value of $92,202.63.

Pagaya Technologies Price Performance

Shares of PGY traded up $0.89 during trading hours on Thursday, hitting $22.89. 2,109,842 shares of the company were exchanged, compared to its average volume of 3,647,604. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 16.83 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. The company has a quick ratio of 11.08, a current ratio of 11.08 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average is $19.28 and its 200 day moving average is $15.28.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Zacks Research raised shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. TD Cowen started coverage on shares of Pagaya Technologies in a research report on Thursday. They set a “buy” rating and a $26.00 price target on the stock. Weiss Ratings raised shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Pagaya Technologies currently has an average rating of “Buy” and a consensus target price of $31.25.

Read Our Latest Analysis on Pagaya Technologies

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP bought a new position in shares of Pagaya Technologies in the second quarter worth about $528,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Pagaya Technologies in the 2nd quarter valued at approximately $217,000. California State Teachers Retirement System lifted its stake in Pagaya Technologies by 1,899.0% in the 2nd quarter. California State Teachers Retirement System now owns 3,561,013 shares of the company’s stock valued at $64,988,000 after purchasing an additional 3,382,876 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Pagaya Technologies by 5.1% in the second quarter. Concurrent Investment Advisors LLC now owns 28,903 shares of the company’s stock valued at $527,000 after buying an additional 1,403 shares in the last quarter. Finally, First Bancorp Inc ME acquired a new stake in Pagaya Technologies in the second quarter valued at approximately $36,000. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

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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.

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