Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells 241,160 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Yahav Yulzari sold 241,160 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $4,738,794.00. Following the completion of the sale, the insider now directly owns 3,846,564 shares of the company's stock, valued at approximately $75,584,982.60. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, June 25th, Yahav Yulzari sold 52,867 shares of Pagaya Technologies stock. The shares were sold at an average price of $20.24, for a total value of $1,070,028.08.
• On Friday, June 20th, Yahav Yulzari sold 8,259 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.04, for a total value of $157,251.36.
• On Wednesday, June 18th, Yahav Yulzari sold 4,700 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.00, for a total value of $89,300.00.
• On Monday, June 16th, Yahav Yulzari sold 5,144 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.02, for a total transaction of $97,838.88.
• On Thursday, June 12th, Yahav Yulzari sold 48,981 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.05, for a total transaction of $933,088.05.
• On Monday, May 12th, Yahav Yulzari sold 238,004 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.16, for a total transaction of $3,608,140.64.

Pagaya Technologies Stock Up 1.7%

PGY traded up $0.33 during trading on Thursday, hitting $19.51. 1,949,727 shares of the company's stock traded hands, compared to its average volume of 1,985,239. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.85 and a beta of 5.93. The company's 50 day simple moving average is $14.94 and its two-hundred day simple moving average is $12.09. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $20.60. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently modified their holdings of the business. Voya Investment Management LLC raised its position in Pagaya Technologies by 24.1% in the 1st quarter. Voya Investment Management LLC now owns 29,452 shares of the company's stock worth $309,000 after buying an additional 5,723 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Pagaya Technologies by 26.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company's stock valued at $17,871,000 after purchasing an additional 359,099 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Pagaya Technologies by 320.1% during the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock valued at $13,230,000 after purchasing an additional 961,944 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pagaya Technologies by 11.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,288 shares of the company's stock valued at $653,000 after purchasing an additional 6,365 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Pagaya Technologies by 2,722.3% in the first quarter. AQR Capital Management LLC now owns 305,710 shares of the company's stock worth $3,204,000 after purchasing an additional 294,878 shares during the last quarter. 57.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PGY shares. JMP Securities reaffirmed a "market outperform" rating and set a $26.00 target price on shares of Pagaya Technologies in a research note on Tuesday. B. Riley reiterated a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Stephens started coverage on Pagaya Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $22.00 target price on the stock. Finally, Benchmark restated a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

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.