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Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 14,645 Shares

Pagaya Technologies logo with Finance background

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 14,645 shares of Pagaya Technologies stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $22.57, for a total value of $330,537.65. Following the transaction, the insider owned 49,440 shares of the company's stock, valued at $1,115,860.80. This represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, July 3rd, Tami Rosen sold 13,821 shares of Pagaya Technologies stock. The stock was sold at an average price of $21.85, for a total value of $301,988.85.
  • 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 stock was 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 stock was 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 on Thursday, reaching $22.15. 2,818,390 shares of the stock were exchanged, compared to its average volume of 2,017,734. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1.68 billion, a P/E ratio of -4.37 and a beta of 5.93. The firm has a 50 day moving average of $16.13 and a two-hundred day moving average of $12.49. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $23.45.

Institutional Investors Weigh In On Pagaya Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGY. Frontier Capital Management Co. LLC purchased a new stake in shares of Pagaya Technologies during the 4th quarter worth about $28,070,000. Millennium Management LLC grew its stake in Pagaya Technologies by 320.1% during the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock worth $13,230,000 after buying an additional 961,944 shares during the period. Point72 Asset Management L.P. increased its position in shares of Pagaya Technologies by 284.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company's stock worth $11,133,000 after acquiring an additional 886,539 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Pagaya Technologies by 359.6% in the 4th quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock valued at $7,675,000 after acquiring an additional 646,357 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Pagaya Technologies during the 1st quarter valued at $6,465,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on PGY

About Pagaya Technologies

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Pagaya Technologies (NASDAQ:PGY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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