Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 13,821 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 13,821 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $21.85, for a total value of $301,988.85. Following the completion of the sale, the insider directly owned 35,619 shares in the company, valued at $778,275.15. This trade represents a 27.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, July 1st, Tami Rosen sold 14,645 shares of Pagaya Technologies stock. The stock was sold at an average price of $22.57, for a total value of $330,537.65.
• On Wednesday, June 25th, Tami Rosen sold 10,000 shares of Pagaya Technologies stock. The shares were sold at an average price of $20.24, for a total transaction of $202,400.00.
• On Thursday, June 12th, Tami Rosen sold 8,187 shares of Pagaya Technologies stock. The shares were sold at an average price of $17.90, for a total transaction of $146,547.30.
• On Tuesday, June 10th, Tami Rosen sold 13,814 shares of Pagaya Technologies stock. The shares were sold at an average price of $17.68, for a total transaction of $244,231.52.

Pagaya Technologies Trading Down 0.1%

Shares of PGY stock traded down $0.03 during mid-day trading on Thursday, hitting $22.15. 2,818,390 shares of the company's stock were exchanged, compared to its average volume of 2,017,734. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -4.37 and a beta of 5.93. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $23.45. The stock has a 50-day simple moving average of $16.13 and a two-hundred day simple moving average of $12.49.

Hedge Funds Weigh In On Pagaya Technologies

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in Pagaya Technologies by 1.8% in 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 period. Arizona State Retirement System lifted its holdings 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 worth $104,000 after acquiring an additional 1,092 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Pagaya Technologies by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock worth $130,000 after acquiring an additional 1,094 shares during the last quarter. Swiss National Bank boosted its position in shares of Pagaya Technologies by 1.7% in the first quarter. Swiss National Bank now owns 76,883 shares of the company's stock worth $806,000 after acquiring an additional 1,300 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Pagaya Technologies by 15.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock valued at $101,000 after purchasing an additional 1,532 shares during the period. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PGY. B. Riley reissued a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Oppenheimer increased their target price on Pagaya Technologies from $16.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday. Benchmark reissued a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. JMP Securities restated a "market outperform" rating and issued a $26.00 price objective on shares of Pagaya Technologies in a research report on Tuesday, June 24th. Finally, Stephens assumed coverage on Pagaya Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $22.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Pagaya Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $21.94.

About Pagaya Technologies

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.

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