Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $2,325,000.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the transaction, the insider now directly owns 161,637 shares in the company, valued at $2,505,373.50. This trade represents a 48.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 30th, Yahav Yulzari purchased 23,600 shares of Pagaya Technologies stock. The stock was bought at an average cost of $10.52 per share, with a total value of $248,272.00.

Pagaya Technologies Price Performance

PGY opened at $9.47 on Friday. The firm has a market cap of $680.14 million, a price-to-earnings ratio of -3.87 and a beta of 6.33. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $11.64 and its 200 day moving average price is $12.34. Pagaya Technologies Ltd. has a 12-month low of $8.56 and a 12-month high of $20.50.

Analyst Ratings Changes

Several brokerages have issued reports on PGY. Benchmark restated a “buy” rating and issued a $21.00 target price on shares of Pagaya Technologies in a report on Wednesday, October 16th. Canaccord Genuity Group dropped their price objective on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. B. Riley reduced their target price on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. JMP Securities restated a “market outperform” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Tuesday, September 3rd. Finally, Oppenheimer assumed coverage on Pagaya Technologies in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. ARK Investment Management LLC lifted its holdings in Pagaya Technologies by 36.2% during the 2nd quarter. ARK Investment Management LLC now owns 221,810 shares of the company’s stock worth $2,830,000 after buying an additional 58,939 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Pagaya Technologies in the first quarter valued at $1,101,000. Yarra Square Partners LP boosted its holdings in Pagaya Technologies by 29.9% in the second quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock valued at $7,903,000 after purchasing an additional 142,500 shares during the period. Millennium Management LLC grew its stake in Pagaya Technologies by 455.9% during the 2nd quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after purchasing an additional 179,235 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in Pagaya Technologies during the 2nd quarter worth about $781,000. Hedge funds and other institutional investors 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.