Pagaya Technologies (NASDAQ:PGY) Insider Sells $571,444.00 in Stock

Key Points

• Tami Rosen, an insider at Pagaya Technologies, sold 13,870 shares of the company's stock for a total value of $571,444, resulting in a 24.3% decrease in her ownership position.
• Pagaya Technologies' stock price fell by 0.9%, reaching $41.59, with a market cap of $3.19 billion and a price-to-earnings ratio of 36.80.
• Several research analysts have recently increased their price targets for Pagaya Technologies, with an average consensus target price of $34.33 and the stock receiving primarily "buy" ratings.

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 13,870 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $41.20, for a total value of $571,444.00. Following the transaction, the insider directly owned 43,207 shares of the company's stock, valued at $1,780,128.40. The trade was a 24.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 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 stock was sold at an average price of $20.24, for a total value of $202,400.00.

Pagaya Technologies Price Performance

Pagaya Technologies stock traded down $1.57 during mid-day trading on Friday, hitting $42.24. 2,951,258 shares of the company were exchanged, compared to its average volume of 2,732,151. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.42. The business's 50 day simple moving average is $33.17 and its two-hundred day simple moving average is $20.72. The company has a market capitalization of $3.24 billion, a P/E ratio of -11.03 and a beta of 5.96. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $44.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its stake in shares of Pagaya Technologies by 20.5% during the first quarter. Invesco Ltd. now owns 57,875 shares of the company's stock worth $607,000 after purchasing an additional 9,845 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Pagaya Technologies by 1,249.2% in the fourth quarter. BNP Paribas Financial Markets now owns 131,637 shares of the company's stock worth $1,223,000 after acquiring an additional 121,880 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Pagaya Technologies by 9.7% in the fourth quarter. Bank of America Corp DE now owns 144,097 shares of the company's stock worth $1,339,000 after acquiring an additional 12,760 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Pagaya Technologies by 5,431.3% in the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock worth $46,000 after acquiring an additional 4,345 shares in the last quarter. Institutional investors and hedge funds own 57.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PGY. JMP Securities lifted their price objective on Pagaya Technologies from $26.00 to $35.00 and gave the company a "market outperform" rating in a research report on Monday, August 11th. Benchmark lifted their price objective on Pagaya Technologies from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. B. Riley lifted their price objective on Pagaya Technologies from $46.00 to $54.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Wall Street Zen downgraded Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on Pagaya Technologies from $27.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.33.

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.