Pagaya Technologies Ltd. (NASDAQ:PGY) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. reduced its holdings in shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,029 shares of the company's stock after selling 58,025 shares during the quarter. Nomura Holdings Inc. owned 0.07% of Pagaya Technologies worth $502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of Pagaya Technologies by 1.8% during the 4th quarter. Invesco Ltd. now owns 48,030 shares of the company's stock valued at $446,000 after buying an additional 864 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Pagaya Technologies by 10.9% during the 4th quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock valued at $104,000 after buying an additional 1,092 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Pagaya Technologies by 15.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock valued at $101,000 after buying an additional 1,532 shares during the last quarter. R Squared Ltd purchased a new position in shares of Pagaya Technologies during the 4th quarter valued at approximately $30,000. Finally, Commonwealth Equity Services LLC lifted its stake in Pagaya Technologies by 21.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,828 shares of the company's stock worth $212,000 after purchasing an additional 3,965 shares during the last quarter. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup upgraded Pagaya Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Canaccord Genuity Group restated a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Thursday, February 13th. JMP Securities raised their price objective on Pagaya Technologies from $25.00 to $26.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. B. Riley restated a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, Benchmark restated a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Pagaya Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $20.61.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock traded up $1.20 during trading on Tuesday, hitting $16.92. 2,692,502 shares of the stock were exchanged, compared to its average volume of 1,887,429. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $19.20. The stock's fifty day moving average is $11.72 and its 200 day moving average is $10.98. The stock has a market cap of $1.28 billion, a PE ratio of -3.08 and a beta of 5.88.

Insider Activity at Pagaya Technologies

In related news, President Sanjiv Das sold 12,789 shares of Pagaya Technologies stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $9.35, for a total value of $119,577.15. Following the sale, the president now directly owns 105,817 shares in the company, valued at $989,388.95. This trade represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Avital Pardo sold 237,748 shares of Pagaya Technologies stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $15.16, for a total transaction of $3,604,259.68. Following the completion of the sale, the chief technology officer now owns 2,401,528 shares in the company, valued at approximately $36,407,164.48. This represents a 9.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 488,541 shares of company stock worth $7,331,977 in the last ninety days. 47.59% of the stock is owned by insiders.

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.