Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Yahav Yulzari Sells 4,700 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Yahav Yulzari sold 4,700 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $19.00, for a total value of $89,300.00. Following the completion of the sale, the insider now directly owns 4,148,850 shares of the company's stock, valued at approximately $78,828,150. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 value of $97,838.88.
• On Thursday, June 12th, Yahav Yulzari sold 48,981 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.05, for a total value 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 Performance

PGY stock traded up $0.27 during mid-day trading on Monday, reaching $18.74. The company had a trading volume of 1,585,760 shares, compared to its average volume of 1,972,498. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $19.20. The stock has a market capitalization of $1.42 billion, a P/E ratio of 30.78 and a beta of 5.94. 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's 50-day simple moving average is $14.36 and its two-hundred day simple moving average is $11.92.

Wall Street Analyst Weigh In

PGY has been the topic of a number of research reports. Stephens started coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $22.00 target price on the stock. Benchmark reaffirmed a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Institutional Trading of Pagaya Technologies

A number of large investors have recently modified their holdings of PGY. Frontier Capital Management Co. LLC bought a new stake in Pagaya Technologies in the 4th quarter valued at about $28,070,000. Goldman Sachs Group Inc. grew its position in Pagaya Technologies by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company's stock worth $17,871,000 after purchasing an additional 359,099 shares during the last quarter. Millennium Management LLC increased its stake in shares of Pagaya Technologies by 320.1% in 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 period. Point72 Asset Management L.P. raised its holdings in shares of Pagaya Technologies by 284.3% during the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company's stock valued at $11,133,000 after buying an additional 886,539 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Pagaya Technologies by 359.6% during the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock valued at $7,675,000 after buying an additional 646,357 shares during the last quarter. Institutional investors and hedge funds 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.

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