Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 10,000 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 10,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $20.24, for a total value of $202,400.00. Following the completion of the transaction, the insider now owns 35,619 shares in the company, valued at $720,928.56. This trade represents a 21.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value 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 Price Performance

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stephens began coverage on shares of Pagaya Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $22.00 price objective for the company. B. Riley reiterated a "buy" rating and set a $36.00 price target on shares of Pagaya Technologies in a research note 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. Finally, Benchmark reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PGY. Virtus Advisers LLC acquired a new stake in shares of Pagaya Technologies in the 1st quarter worth approximately $35,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Pagaya Technologies during the fourth quarter worth $43,000. GAMMA Investing LLC grew its holdings in Pagaya Technologies by 5,431.3% in the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock valued at $46,000 after purchasing an additional 4,345 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Pagaya Technologies in the fourth quarter valued at $67,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Pagaya Technologies in the fourth quarter valued at $93,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

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.