Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $1,070,028.08 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 52,867 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $20.24, for a total value of $1,070,028.08. Following the completion of the sale, the insider now owns 4,087,724 shares of the company’s stock, valued at approximately $82,735,533.76. The trade was a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, June 24th, Yahav Yulzari sold 241,160 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.65, for a total value of $4,738,794.00.
• On Friday, June 20th, Yahav Yulzari sold 8,259 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.04, for a total value of $157,251.36.
• On Wednesday, June 18th, Yahav Yulzari sold 4,700 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.00, for a total value of $89,300.00.
• 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 shares were sold at an average price of $15.16, for a total value of $3,608,140.64.

Pagaya Technologies Price Performance

PGY opened at $21.39 on Friday. The stock’s 50-day moving average price is $15.38 and its 200 day moving average price is $12.23. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $21.46. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -4.22 and a beta of 5.93.

Hedge Funds Weigh In On Pagaya Technologies

Several hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC acquired a new position in Pagaya Technologies during the 4th quarter worth about $28,070,000. Goldman Sachs Group Inc. lifted its stake in Pagaya Technologies by 26.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock worth $17,871,000 after acquiring an additional 359,099 shares in the last quarter. Millennium Management LLC lifted its stake in Pagaya Technologies by 320.1% during the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock worth $13,230,000 after acquiring an additional 961,944 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Pagaya Technologies by 284.3% during the 4th 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. Finally, Two Sigma Investments LP lifted its stake in Pagaya Technologies by 359.6% during the 4th quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock worth $7,675,000 after acquiring an additional 646,357 shares in the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analysts Set New Price Targets

PGY has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Stephens initiated coverage on Pagaya Technologies in a report on Thursday, June 12th. They set an “overweight” rating and a $22.00 price target for the company. JMP Securities reiterated a “market outperform” rating and set a $26.00 price target on shares of Pagaya Technologies in a report on Tuesday. Finally, B. Riley reiterated a “buy” rating and set a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

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.